DNB Asset Management AS Has $2.57 Million Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

DNB Asset Management AS raised its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,451 shares of the company’s stock after buying an additional 27,403 shares during the quarter. DNB Asset Management AS owned about 0.26% of MidCap Financial Investment worth $2,565,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in MidCap Financial Investment by 1,268.1% during the 4th quarter. International Assets Investment Management LLC now owns 286,055 shares of the company’s stock valued at $3,913,000 after purchasing an additional 265,146 shares during the last quarter. Van ECK Associates Corp raised its position in shares of MidCap Financial Investment by 10.6% during the fourth quarter. Van ECK Associates Corp now owns 1,196,306 shares of the company’s stock valued at $16,365,000 after buying an additional 114,587 shares during the last quarter. GraniteShares Advisors LLC bought a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $1,470,000. SG Americas Securities LLC acquired a new stake in MidCap Financial Investment during the first quarter worth about $532,000. Finally, Jump Financial LLC increased its stake in MidCap Financial Investment by 115.0% during the fourth quarter. Jump Financial LLC now owns 60,401 shares of the company’s stock valued at $826,000 after acquiring an additional 32,301 shares during the period. 28.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MFIC. Wells Fargo & Company lifted their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. lowered their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.14.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC traded up $0.10 on Tuesday, hitting $13.13. The stock had a trading volume of 654,870 shares, compared to its average volume of 284,213. The firm’s 50 day moving average price is $15.21 and its 200-day moving average price is $14.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.76 and a current ratio of 2.76. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month high of $16.36. The company has a market capitalization of $856.77 million, a price-to-earnings ratio of 7.50 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $68.33 million during the quarter, compared to the consensus estimate of $69.48 million. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. On average, equities research analysts predict that MidCap Financial Investment Co. will post 1.71 earnings per share for the current year.

MidCap Financial Investment Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Monday, August 5th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 86.86%.

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.