Ameriprise Financial Inc. Purchases 60,759 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Ameriprise Financial Inc. lifted its stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 23.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 320,415 shares of the company's stock after acquiring an additional 60,759 shares during the period. Ameriprise Financial Inc. owned 0.34% of MidCap Financial Investment worth $4,322,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Naviter Wealth LLC acquired a new stake in shares of MidCap Financial Investment in the 4th quarter valued at approximately $2,516,000. Ares Management LLC increased its position in 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 buying an additional 172,032 shares during the period. Callodine Capital Management LP increased its position in MidCap Financial Investment by 164.4% during the 4th quarter. Callodine Capital Management LP now owns 246,217 shares of the company's stock worth $3,321,000 after buying an additional 153,105 shares during the period. Legal & General Group Plc increased its position in MidCap Financial Investment by 30.6% during the 4th quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock worth $8,372,000 after buying an additional 145,402 shares during the period. Finally, Van ECK Associates Corp increased its position in MidCap Financial Investment by 4.5% during the 4th 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 period. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Price Performance

NASDAQ MFIC traded up $0.05 during trading on Wednesday, reaching $13.01. The company's stock had a trading volume of 302,454 shares, compared to its average volume of 429,753. The stock has a market capitalization of $1.21 billion, a PE ratio of 8.34 and a beta of 1.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a fifty day moving average of $12.15 and a 200 day moving average of $13.17. MidCap Financial Investment Co. has a one year low of $10.18 and a one year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.37 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 firm had revenue of $78.70 million for the quarter, compared to the consensus estimate of $82.49 million. Analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.68%. The ex-dividend date is Tuesday, June 10th. MidCap Financial Investment's dividend payout ratio (DPR) is currently 122.58%.

Wall Street Analysts Forecast Growth

MFIC has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Truist Financial lowered their target price on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lowered their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

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.