Nomura Asset Management Co. Ltd. Boosts Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Nomura Asset Management Co. Ltd. grew its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 247.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,728 shares of the company’s stock after buying an additional 4,793 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in MidCap Financial Investment were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in MidCap Financial Investment by 17.4% in the 4th quarter. JPMorgan Chase & Co. now owns 166,230 shares of the company’s stock valued at $2,242,000 after purchasing an additional 24,590 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth $228,000. Condor Capital Management grew its holdings in shares of MidCap Financial Investment by 2.3% during the fourth quarter. Condor Capital Management now owns 368,185 shares of the company’s stock worth $4,967,000 after buying an additional 8,343 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of MidCap Financial Investment by 4.1% in the fourth quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company’s stock worth $6,240,000 after buying an additional 18,046 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of MidCap Financial Investment by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 340,286 shares of the company’s stock worth $4,590,000 after buying an additional 17,818 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Down 2.0 %

NASDAQ MFIC opened at $12.49 on Friday. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.37. The business’s fifty day simple moving average is $13.60 and its 200-day simple moving average is $13.57. The firm has a market cap of $1.17 billion, a PE ratio of 8.01 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $82.16 million for 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%. As a group, equities analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 12.17%. MidCap Financial Investment’s dividend payout ratio (DPR) is 116.03%.

Analysts Set New Price Targets

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

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.