International Assets Investment Management LLC Cuts Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

International Assets Investment Management LLC lessened its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 91.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,719 shares of the company's stock after selling 256,953 shares during the quarter. International Assets Investment Management LLC's holdings in MidCap Financial Investment were worth $336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position in shares of MidCap Financial Investment by 71.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock valued at $26,000 after purchasing an additional 809 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in MidCap Financial Investment in the third quarter worth approximately $35,000. Brown Brothers Harriman & Co. bought a new position in MidCap Financial Investment during the second quarter valued at approximately $81,000. Westchester Capital Management LLC purchased a new position in shares of MidCap Financial Investment during the third quarter worth approximately $103,000. Finally, ProShare Advisors LLC bought a new stake in shares of MidCap Financial Investment in the 2nd quarter worth approximately $159,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock remained flat at $13.15 during trading on Friday. 387,236 shares of the stock were exchanged, compared to its average volume of 349,872. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 8.43 and a beta of 1.48. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.36. The stock's 50-day moving average is $13.66 and its two-hundred day moving average is $13.85. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were issued a $0.38 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.56%. MidCap Financial Investment's dividend payout ratio (DPR) is 97.44%.

Wall Street Analyst Weigh In

MFIC has been the topic of several recent research reports. Wells Fargo & Company reduced 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 Tuesday, October 29th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.71.

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.