Ares Management LLC Purchases 172,032 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

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

A number of other large investors have also recently added to or reduced their stakes in MFIC. Allworth Financial LP grew its stake in MidCap Financial Investment by 197.8% in the fourth 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 in the last quarter. Anchor Investment Management LLC bought a new position in MidCap Financial Investment during the third quarter worth about $35,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of MidCap Financial Investment by 247.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock valued at $91,000 after buying an additional 4,793 shares during the period. Entropy Technologies LP bought a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $155,000. Finally, StoneX Group Inc. acquired a new stake in MidCap Financial Investment during the fourth quarter worth about $180,000. Institutional investors own 28.45% of the company's stock.

Analyst Ratings Changes

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

MidCap Financial Investment Stock Up 2.6 %

MFIC traded up $0.31 during trading on Friday, hitting $12.05. 283,352 shares of the company's stock were exchanged, compared to its average volume of 421,774. The stock has a market cap of $1.13 billion, a P/E ratio of 7.72 and a beta of 1.13. The business's 50 day moving average is $12.37 and its two-hundred day moving average is $13.27. MidCap Financial Investment Co. has a fifty-two week low of $10.18 and a fifty-two week high of $16.37. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25.

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

MidCap Financial Investment Dividend Announcement

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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.61%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's payout ratio is 116.03%.

MidCap Financial Investment 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.