MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 752,407 shares of the company's stock after selling 61,290 shares during the quarter. Invesco Ltd. owned 0.80% of MidCap Financial Investment worth $10,150,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Stephens Inc. AR raised its stake in shares of MidCap Financial Investment by 1.2% during the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after buying an additional 1,000 shares during the period. Allworth Financial LP raised its position in 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 acquiring an additional 1,699 shares during the period. Anchor Investment Management LLC purchased a new position in MidCap Financial Investment during the third quarter valued at $35,000. Sigma Planning Corp grew its position in shares of MidCap Financial Investment by 4.6% in the fourth quarter. Sigma Planning Corp now owns 60,438 shares of the company's stock valued at $815,000 after purchasing an additional 2,633 shares during the period. Finally, Arete Wealth Advisors LLC increased its stake in shares of MidCap Financial Investment by 30.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 18,475 shares of the company's stock worth $249,000 after purchasing an additional 4,319 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

MFIC stock opened at $11.63 on Wednesday. The business has a 50 day simple moving average of $12.78 and a 200-day simple moving average of $13.34. The firm has a market capitalization of $1.09 billion, a PE ratio of 7.46 and a beta of 1.13. 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 Co. has a 1 year low of $10.18 and a 1 year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly 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 net margin of 37.05% and a return on equity of 11.37%. The firm had revenue of $82.16 million for the quarter, compared to analysts' expectations of $86.28 million. Equities research analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is presently 116.03%.

Wall Street Analyst Weigh In

MFIC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, MidCap Financial Investment presently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

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.

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