MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 26.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 98,987 shares of the company’s stock after selling 35,584 shares during the quarter. Cetera Investment Advisers’ holdings in MidCap Financial Investment were worth $1,335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after purchasing an additional 1,699 shares during the period. Nomura Asset Management Co. Ltd. grew its position in MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock worth $91,000 after purchasing an additional 4,793 shares during the period. Entropy Technologies LP acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at about $155,000. StoneX Group Inc. acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at about $180,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at about $221,000. 28.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MFIC. Wells Fargo & Company dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their target price on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Truist Financial dropped their target price on MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, MidCap Financial Investment currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

MidCap Financial Investment Trading Down 2.6%

Shares of MidCap Financial Investment stock opened at $12.53 on Thursday. The firm has a market capitalization of $1.17 billion, a PE ratio of 8.03 and a beta of 1.00. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37. The firm’s 50-day moving average price is $12.17 and its 200 day moving average price is $13.18. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $78.70 million during the quarter, compared to analysts’ expectations of $82.49 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, sell-side analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 12.13%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment’s dividend payout ratio is presently 122.58%.

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.