Legal & General Group Plc Buys 145,402 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Legal & General Group Plc boosted its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 620,824 shares of the company's stock after acquiring an additional 145,402 shares during the quarter. Legal & General Group Plc owned 0.66% of MidCap Financial Investment worth $8,372,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $35,000. Allworth Financial LP grew its holdings in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after purchasing an additional 1,699 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock worth $91,000 after purchasing an additional 4,793 shares in the last quarter. Entropy Technologies LP acquired a new stake in MidCap Financial Investment in the fourth quarter valued at approximately $155,000. Finally, StoneX Group Inc. bought a new stake in shares of MidCap Financial Investment during the fourth quarter worth $180,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MFIC shares. Wells Fargo & Company cut their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Keefe, Bruyette & Woods reduced their price target on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

MidCap Financial Investment Trading Down 2.4 %

MFIC stock traded down $0.28 during trading on Monday, hitting $11.48. The company had a trading volume of 386,973 shares, compared to its average volume of 417,538. The stock has a market cap of $1.08 billion, a PE ratio of 7.36 and a beta of 1.13. MidCap Financial Investment Co. has a one year low of $10.18 and a one year high of $16.37. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average of $12.90 and a 200-day moving average of $13.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The company had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Research analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 13.24%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's payout ratio is currently 116.03%.

About MidCap Financial Investment

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.