Congress Wealth Management LLC DE decreased its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 63.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,594 shares of the company's stock after selling 50,315 shares during the period. Congress Wealth Management LLC DE's holdings in MidCap Financial Investment were worth $386,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position in shares of MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after purchasing an additional 809 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment during the 3rd quarter worth about $35,000. Allworth Financial LP increased its position in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after acquiring an additional 1,699 shares during the last quarter. Westchester Capital Management LLC bought a new position in MidCap Financial Investment in the third quarter valued at approximately $103,000. Finally, Entropy Technologies LP acquired a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $155,000. Institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Stock Performance
MFIC stock traded down $0.25 during midday trading on Thursday, reaching $12.49. 358,822 shares of the company were exchanged, compared to its average volume of 389,915. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.37. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.01 and a beta of 1.49. The business has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $13.57. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. Equities research analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current year.
MidCap Financial Investment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 12.17%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is currently 116.03%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company lowered their target price on shares of 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, MidCap Financial Investment presently has an average rating of "Moderate Buy" and an average target price of $14.60.
Check Out Our Latest Research Report on MidCap Financial Investment
About MidCap Financial Investment
(
Free Report)
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.
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