Advisors Asset Management Inc. Has $6.24 Million Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Advisors Asset Management Inc. increased its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,577 shares of the company’s stock after acquiring an additional 18,046 shares during the period. Advisors Asset Management Inc. owned about 0.49% of MidCap Financial Investment worth $6,240,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after purchasing an additional 809 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in MidCap Financial Investment in the 3rd quarter worth approximately $35,000. Allworth Financial LP grew its holdings in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after acquiring an additional 1,699 shares in the last quarter. Westchester Capital Management LLC acquired a new position in shares of MidCap Financial Investment in the third quarter worth $103,000. Finally, Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth $155,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.60.

MidCap Financial Investment Stock Down 0.5 %

MFIC stock opened at $12.90 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. The firm has a market cap of $1.21 billion, a PE ratio of 8.27 and a beta of 1.49. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.37. The company has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $13.63.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. Sell-side analysts anticipate that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date of this dividend is Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio is 116.03%.

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.