Virtu Financial LLC Invests $228,000 in MidCap Financial Investment Co. (NASDAQ:MFIC)

Virtu Financial LLC bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,888 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of MidCap Financial Investment by 273.7% during the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after acquiring an additional 103,741 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in MidCap Financial Investment during the 3rd quarter valued at $692,000. Barclays PLC raised its holdings in MidCap Financial Investment by 190,106.2% during the third quarter. Barclays PLC now owns 123,634 shares of the company’s stock worth $1,656,000 after buying an additional 123,569 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after buying an additional 93,972 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of MidCap Financial Investment by 74.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company’s stock valued at $1,103,000 after buying an additional 34,875 shares during the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $13.04 on Friday. 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 stock has a market cap of $1.22 billion, a PE ratio of 8.36 and a beta of 1.49. The stock’s fifty day simple moving average is $13.68 and its two-hundred day simple moving average is $13.59. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates 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, analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.66%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment’s payout ratio is 116.03%.

Analyst Upgrades and Downgrades

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

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.