Comerica Bank Raises Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Comerica Bank raised its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 1,563.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,171 shares of the company’s stock after buying an additional 83,810 shares during the period. Comerica Bank owned approximately 0.10% of MidCap Financial Investment worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MFIC. JPMorgan Chase & Co. lifted its position in shares of MidCap Financial Investment by 273.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock worth $1,897,000 after purchasing an additional 103,741 shares during the last quarter. Barclays PLC lifted its position in shares of MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock worth $1,656,000 after purchasing an additional 123,569 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of MidCap Financial Investment by 74.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company’s stock worth $1,103,000 after purchasing an additional 34,875 shares during the last quarter. Franklin Resources Inc. lifted its position 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 worth $5,116,000 after purchasing an additional 93,972 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of MidCap Financial Investment by 11.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock worth $4,811,000 after purchasing an additional 35,341 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $12.15 on Monday. The company’s fifty day moving average price is $12.20 and its 200 day moving average price is $13.22. MidCap Financial Investment Co. has a 12 month low of $10.18 and a 12 month high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.79 and a beta of 1.00.

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

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a $0.38 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 12.51%. MidCap Financial Investment’s dividend payout ratio is presently 116.03%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MFIC shares. Wells Fargo & Company decreased their price objective 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, April 28th. JPMorgan Chase & Co. decreased their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.80.

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.