MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 64.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,520 shares of the company's stock after purchasing an additional 22,487 shares during the period. Jane Street Group LLC owned approximately 0.06% of MidCap Financial Investment worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Westbourne Investments Inc. acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $758,000. Comerica Bank increased its holdings in shares of MidCap Financial Investment by 1,563.3% in the fourth quarter. Comerica Bank now owns 89,171 shares of the company's stock valued at $1,203,000 after purchasing an additional 83,810 shares during the period. Aquatic Capital Management LLC increased its holdings in shares of MidCap Financial Investment by 102.1% in the fourth quarter. Aquatic Capital Management LLC now owns 29,304 shares of the company's stock valued at $395,000 after purchasing an additional 14,804 shares during the period. Virtus ETF Advisers LLC increased its holdings in shares of MidCap Financial Investment by 14.9% in the fourth quarter. Virtus ETF Advisers LLC now owns 62,311 shares of the company's stock valued at $841,000 after purchasing an additional 8,063 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in MidCap Financial Investment by 15.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 59,666 shares of the company's stock worth $805,000 after acquiring an additional 8,000 shares during the period. Institutional investors and hedge funds own 28.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial dropped their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Wells Fargo & Company reduced their price objective 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 price objective 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. reduced 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 note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, MidCap Financial Investment currently has an average rating of "Moderate Buy" and an average target price of $14.00.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock traded up $0.07 during trading hours on Thursday, hitting $13.08. The stock had a trading volume of 737,023 shares, compared to its average volume of 433,005. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. MidCap Financial Investment Co. has a 1-year low of $10.18 and a 1-year high of $16.37. The stock's fifty day moving average is $12.15 and its two-hundred day moving average is $13.16. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.38 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The company had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 million. As a group, analysts predict 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 will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.62%. MidCap Financial Investment's dividend payout ratio is currently 122.58%.

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.