JPMorgan Chase & Co. Buys 24,590 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

JPMorgan Chase & Co. raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,230 shares of the company's stock after buying an additional 24,590 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of MidCap Financial Investment worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds 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 buying an additional 102,406 shares during the period. Advisors Asset Management Inc. raised its stake 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 valued at $6,240,000 after purchasing an additional 18,046 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of MidCap Financial Investment by 28.4% during the 4th 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 period. Franklin Resources Inc. raised its stake in shares of MidCap Financial Investment by 32.4% during the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock valued at $5,116,000 after purchasing an additional 93,972 shares during the period. Finally, Condor Capital Management raised its stake 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 valued at $4,967,000 after purchasing an additional 8,343 shares during the period. 28.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MFIC. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped 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 report on Monday. Two research 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 company has an average rating of "Moderate Buy" and a consensus price target of $13.80.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock traded down $0.07 during mid-day trading on Tuesday, hitting $12.05. 245,592 shares of the company traded hands, compared to its average volume of 418,951. MidCap Financial Investment Co. has a one year low of $10.18 and a one year high of $16.37. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The stock has a fifty day moving average price of $12.52 and a 200-day moving average price of $13.30.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The firm had revenue of $82.16 million during the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, equities analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 12.61%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's 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.