BI Asset Management Fondsmaeglerselskab A S Acquires 68,984 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 86.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 149,102 shares of the company's stock after buying an additional 68,984 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.16% of MidCap Financial Investment worth $2,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake 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 valued at $32,005,000 after acquiring an additional 102,406 shares during the period. Legal & General Group Plc increased 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 valued at $8,372,000 after acquiring an additional 145,402 shares during the period. Advisors Asset Management Inc. boosted its holdings in MidCap Financial Investment by 4.1% in the fourth quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company's stock valued at $6,240,000 after purchasing an additional 18,046 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of MidCap Financial Investment by 15.3% during the 4th quarter. Franklin Resources Inc. now owns 442,643 shares of the company's stock worth $5,971,000 after acquiring an additional 58,589 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in MidCap Financial Investment by 28.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company's stock valued at $5,396,000 after buying an additional 88,468 shares in the last quarter. Institutional investors own 28.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MFIC shares. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. cut their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

MidCap Financial Investment Stock Performance

MFIC traded up $0.09 on Friday, hitting $12.04. 278,563 shares of the company's stock were exchanged, compared to its average volume of 419,113. The firm has a market cap of $1.13 billion, a PE ratio of 7.72 and a beta of 1.13. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37. The stock has a fifty day moving average of $12.63 and a two-hundred day moving average of $13.31. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data 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 net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $82.16 million during the quarter, compared to analysts' expectations of $86.28 million. On average, research analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

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 12.62%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio 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.