Wells Fargo & Company MN Trims Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Wells Fargo & Company MN decreased its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,212 shares of the company's stock after selling 34,810 shares during the quarter. Wells Fargo & Company MN owned approximately 0.59% of MidCap Financial Investment worth $7,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in MidCap Financial Investment by 273.7% in the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company's stock worth $1,897,000 after acquiring an additional 103,741 shares during the period. Barclays PLC raised its holdings in shares of MidCap Financial Investment by 190,106.2% in the 3rd quarter. Barclays PLC now owns 123,634 shares of the company's stock worth $1,656,000 after purchasing an additional 123,569 shares during the period. Franklin Resources Inc. raised its stake in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock valued at $5,116,000 after buying an additional 93,972 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of MidCap Financial Investment by 74.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company's stock valued at $1,103,000 after buying an additional 34,875 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of MidCap Financial Investment by 11.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company's stock worth $4,811,000 after acquiring an additional 35,341 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MFIC shares. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Keefe, Bruyette & Woods dropped their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.50.

MidCap Financial Investment Price Performance

Shares of MFIC stock traded up $0.13 during trading hours on Thursday, reaching $11.97. The stock had a trading volume of 66,042 shares, compared to its average volume of 415,908. The stock's fifty day simple moving average is $12.73 and its 200 day simple moving average is $13.33. 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 firm has a market capitalization of $1.12 billion, a PE ratio of 7.67 and a beta of 1.13. MidCap Financial Investment Co. has a 12 month low of $10.18 and a 12 month high of $16.37.

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

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is currently 116.03%.

MidCap Financial Investment Company Profile

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.