207,519 Shares in MidCap Financial Investment Co. (NASDAQ:MFIC) Purchased by CF Capital LLC

CF Capital LLC acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 207,519 shares of the company's stock, valued at approximately $2,799,000. MidCap Financial Investment makes up 3.0% of CF Capital LLC's holdings, making the stock its 14th biggest holding. CF Capital LLC owned about 0.22% of MidCap Financial Investment at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MFIC. Van ECK Associates Corp lifted its holdings in 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 last quarter. Legal & General Group Plc lifted its stake 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 purchasing an additional 145,402 shares during the last quarter. Ares Management LLC grew its holdings in shares of MidCap Financial Investment by 55.5% during the 4th quarter. Ares Management LLC now owns 482,032 shares of the company's stock worth $6,503,000 after purchasing an additional 172,032 shares during the period. Advisors Asset Management Inc. increased its position in shares of MidCap Financial Investment by 4.1% during the 4th quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company's stock worth $6,240,000 after purchasing an additional 18,046 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in MidCap Financial Investment by 15.3% in the 4th quarter. Franklin Resources Inc. now owns 442,643 shares of the company's stock valued at $5,971,000 after buying an additional 58,589 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MFIC. JPMorgan Chase & Co. dropped their target price on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price objective 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. Finally, Wells Fargo & Company lowered their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.80.

MidCap Financial Investment Stock Performance

Shares of NASDAQ MFIC remained flat at $12.15 during mid-day trading on Friday. 239,751 shares of the company were exchanged, compared to its average volume of 477,806. The stock has a 50-day simple moving average of $12.23 and a 200 day simple moving average of $13.23. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.36. 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 stock has a market cap of $1.13 billion, a PE ratio of 7.79 and a beta of 1.00.

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

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were issued a $0.38 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.51%. MidCap Financial Investment's payout ratio is 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.