Ares Management LLC Increases Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Ares Management LLC increased its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 482,032 shares of the company's stock after purchasing an additional 172,032 shares during the period. MidCap Financial Investment accounts for 0.0% of Ares Management LLC's holdings, making the stock its 23rd biggest holding. Ares Management LLC owned 0.51% of MidCap Financial Investment worth $6,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MFIC. Van ECK Associates Corp grew its holdings in shares of MidCap Financial Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company's stock worth $32,005,000 after purchasing an additional 102,406 shares during the last quarter. Legal & General Group Plc grew its position in shares of MidCap Financial Investment by 30.6% in the 4th quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock worth $8,372,000 after buying an additional 145,402 shares during the last quarter. Advisors Asset Management Inc. lifted its position in MidCap Financial Investment by 4.1% during the fourth quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company's stock valued at $6,240,000 after acquiring an additional 18,046 shares during the last quarter. Franklin Resources Inc. boosted its stake in MidCap Financial Investment by 15.3% in the fourth quarter. Franklin Resources Inc. now owns 442,643 shares of the company's stock valued at $5,971,000 after acquiring an additional 58,589 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in MidCap Financial Investment by 28.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company's stock worth $5,396,000 after purchasing an additional 88,468 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MFIC has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.80.

MidCap Financial Investment Stock Up 0.0 %

Shares of MFIC stock traded up $0.00 during trading on Tuesday, reaching $11.91. The company's stock had a trading volume of 94,447 shares, compared to its average volume of 419,698. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.64 and a beta of 1.00. MidCap Financial Investment Co. has a 1-year low of $10.18 and a 1-year high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The stock's 50-day moving average price is $12.33 and its 200 day moving average price is $13.26.

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

MidCap Financial Investment Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 12.76%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is 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.