Cetera Investment Advisers Sells 69,224 Shares of MidCap Financial Investment Corporation $MFIC

Key Points

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Cetera Investment Advisers lessened its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 69.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,763 shares of the company's stock after selling 69,224 shares during the period. Cetera Investment Advisers' holdings in MidCap Financial Investment were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new position in shares of MidCap Financial Investment during the 4th quarter valued at about $16,771,000. Ares Management LLC boosted its holdings in shares of MidCap Financial Investment by 55.5% during the 4th quarter. Ares Management LLC now owns 482,032 shares of the company's stock valued at $6,503,000 after purchasing an additional 172,032 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of MidCap Financial Investment by 23.4% during the 4th quarter. Ameriprise Financial Inc. now owns 320,415 shares of the company's stock valued at $4,322,000 after purchasing an additional 60,759 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of MidCap Financial Investment by 4.8% during the 1st quarter. D.A. Davidson & CO. now owns 312,923 shares of the company's stock valued at $4,024,000 after purchasing an additional 14,442 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of MidCap Financial Investment by 26.1% during the 4th quarter. Stifel Financial Corp now owns 303,149 shares of the company's stock valued at $4,090,000 after purchasing an additional 62,671 shares during the last quarter. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Trading Up 1.5%

MidCap Financial Investment stock traded up $0.19 during midday trading on Friday, reaching $13.13. The stock had a trading volume of 416,779 shares, compared to its average volume of 367,030. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49. MidCap Financial Investment Corporation has a 52-week low of $10.18 and a 52-week high of $14.74. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 12.16 and a beta of 0.99. The company has a fifty day moving average of $12.77 and a 200 day moving average of $12.77.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. The company had revenue of $81.25 million for the quarter, compared to analyst estimates of $81.70 million. On average, analysts anticipate that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 9th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, September 9th. MidCap Financial Investment's dividend payout ratio is 140.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on MFIC. Truist Financial dropped their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut shares of MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 target price on the stock. in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.50.

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.