Denali Advisors LLC Sells 19,496 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Denali Advisors LLC decreased its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,903 shares of the company's stock after selling 19,496 shares during the quarter. Denali Advisors LLC owned about 0.09% of MidCap Financial Investment worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of MidCap Financial Investment by 269.8% in the third quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company's stock worth $847,000 after buying an additional 46,176 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 103,741 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of MidCap Financial Investment in the 3rd quarter valued at about $692,000. Barclays PLC boosted its position in shares of MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company's stock valued at $1,656,000 after acquiring an additional 123,569 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of MidCap Financial Investment by 32.4% during the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock worth $5,116,000 after purchasing an additional 93,972 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on MFIC. 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 research note on Thursday. Royal Bank of Canada reissued a "sector perform" rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, MidCap Financial Investment presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.60.

MidCap Financial Investment Trading Up 0.5 %

MidCap Financial Investment stock traded up $0.07 during mid-day trading on Friday, hitting $13.78. The company's stock had a trading volume of 636,107 shares, compared to its average volume of 361,210. The business has a 50 day moving average price of $13.83 and a 200-day moving average price of $13.70. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 8.83 and a beta of 1.48. 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 issued its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, meeting 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 company had revenue of $82.16 million during 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 year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 11.03%. MidCap Financial Investment's dividend payout ratio is currently 116.03%.

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.