Envestnet Asset Management Inc. Has $1.51 Million Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Envestnet Asset Management Inc. boosted its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 270.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,956 shares of the company's stock after acquiring an additional 81,695 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of MidCap Financial Investment worth $1,510,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted 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 worth $32,005,000 after buying an additional 102,406 shares during the last quarter. Advisors Asset Management Inc. lifted its position in 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 acquiring an additional 18,046 shares during the last quarter. Franklin Resources Inc. boosted its holdings in MidCap Financial Investment by 15.3% during 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 during the period. Foundations Investment Advisors LLC grew its position in shares of MidCap Financial Investment by 28.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company's stock valued at $5,396,000 after purchasing an additional 88,468 shares during the last quarter. Finally, Condor Capital Management lifted its position in shares of MidCap Financial Investment by 2.3% during the 4th quarter. Condor Capital Management now owns 368,185 shares of the company's stock worth $4,967,000 after purchasing an additional 8,343 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of MFIC stock traded up $0.31 during mid-day trading on Friday, reaching $12.05. The company's stock had a trading volume of 283,352 shares, compared to its average volume of 421,774. The firm's 50-day moving average is $12.37 and its two-hundred day moving average is $13.27. The company has a market cap of $1.13 billion, a P/E ratio of 7.72 and a beta of 1.13. 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 quick ratio of 8.51 and a current ratio of 8.51.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $86.28 million. On average, research analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is 116.03%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MFIC. Wells Fargo & Company cut 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 note on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on shares of 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. Finally, JPMorgan Chase & Co. decreased their target price on 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.80.

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.