LSV Asset Management Decreases Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

LSV Asset Management trimmed its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,532 shares of the company's stock after selling 25,966 shares during the quarter. LSV Asset Management owned about 0.15% of MidCap Financial Investment worth $1,882,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MFIC. Nomura Asset Management Co. Ltd. boosted its holdings in shares of MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock valued at $26,000 after buying an additional 809 shares in the last quarter. Anchor Investment Management LLC acquired a new position in MidCap Financial Investment in the third quarter valued at $35,000. Allworth Financial LP grew its holdings in shares of MidCap Financial Investment by 197.8% during the fourth 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 last quarter. Entropy Technologies LP acquired a new stake in shares of MidCap Financial Investment during the fourth quarter worth about $155,000. Finally, StoneX Group Inc. acquired a new stake in shares of MidCap Financial Investment in the 4th quarter valued at about $180,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a research 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

MidCap Financial Investment Stock Performance

Shares of MFIC stock traded up $0.42 during mid-day trading on Friday, hitting $11.76. The stock had a trading volume of 414,193 shares, compared to its average volume of 416,881. MidCap Financial Investment Co. has a fifty-two week low of $10.18 and a fifty-two week high of $16.37. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The company's 50-day simple moving average is $12.94 and its 200-day simple moving average is $13.38. The firm has a market cap of $1.10 billion, a PE ratio of 7.54 and a beta of 1.13.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 11.37% and a net margin of 37.05%. Sell-side analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.93%. MidCap Financial Investment's dividend payout ratio (DPR) is presently 116.03%.

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.