JPMorgan Chase & Co. Increases Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

JPMorgan Chase & Co. lifted its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 273.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 141,640 shares of the company’s stock after purchasing an additional 103,741 shares during the period. JPMorgan Chase & Co. owned about 0.15% of MidCap Financial Investment worth $1,897,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 49.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after purchasing an additional 755,436 shares during the period. Allspring Global Investments Holdings LLC lifted its position in MidCap Financial Investment by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock valued at $28,880,000 after acquiring an additional 10,669 shares during the last quarter. Advisors Asset Management Inc. lifted its position in MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after acquiring an additional 258,940 shares during the last quarter. Franklin Resources Inc. lifted its position in MidCap Financial Investment by 32.4% during the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after acquiring an additional 93,972 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in MidCap Financial Investment by 22.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company’s stock valued at $4,302,000 after acquiring an additional 58,188 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.71.

MidCap Financial Investment Trading Down 0.5 %

Shares of MidCap Financial Investment stock opened at $13.68 on Thursday. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.77 and a beta of 1.48. The firm’s 50 day simple moving average is $13.66 and its two-hundred day simple moving average is $13.76.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $82.14 million for the quarter, compared to analyst estimates of $82.68 million. During the same quarter in the prior year, the business posted $0.43 EPS. Analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.11%. MidCap Financial Investment’s payout ratio is currently 97.44%.

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.