Private Advisor Group LLC Reduces Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Private Advisor Group LLC reduced its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 46.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,869 shares of the company’s stock after selling 9,301 shares during the period. Private Advisor Group LLC’s holdings in MidCap Financial Investment were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in MidCap Financial Investment by 139.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares during the period. Stifel Financial Corp raised its holdings in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after purchasing an additional 192,731 shares during the period. Barclays PLC raised its holdings in MidCap Financial Investment by 190,106.2% in 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 period. JPMorgan Chase & Co. raised its holdings in MidCap Financial Investment by 273.7% in 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 period. Finally, Van ECK Associates Corp raised its holdings in MidCap Financial Investment by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock worth $32,005,000 after purchasing an additional 102,406 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Price Performance

NASDAQ:MFIC opened at $13.36 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. The business’s 50-day simple moving average is $13.81 and its two-hundred day simple moving average is $13.69. The stock has a market cap of $1.25 billion, a PE ratio of 8.56 and a beta of 1.49. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last issued its 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 firm had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. As a group, analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 11.38%. MidCap Financial Investment’s dividend payout ratio (DPR) is 116.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company decreased their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.