MidCap Financial Investment Corporation $MFIC Shares Sold by Cetera Investment Advisers

Key Points

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Cetera Investment Advisers lessened its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 69.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,763 shares of the company's stock after selling 69,224 shares during the quarter. 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 also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in shares of MidCap Financial Investment by 3.5% in the 1st quarter. International Assets Investment Management LLC now owns 25,595 shares of the company's stock worth $329,000 after buying an additional 876 shares during the period. Accel Wealth Management lifted its holdings in shares of MidCap Financial Investment by 8.5% in the 1st quarter. Accel Wealth Management now owns 13,651 shares of the company's stock worth $176,000 after buying an additional 1,074 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of MidCap Financial Investment by 1.2% in the 1st quarter. Confluence Investment Management LLC now owns 89,748 shares of the company's stock worth $1,154,000 after buying an additional 1,104 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of MidCap Financial Investment by 4.0% in the 1st quarter. Wedbush Securities Inc. now owns 36,291 shares of the company's stock worth $467,000 after buying an additional 1,410 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MidCap Financial Investment by 8.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company's stock worth $266,000 after buying an additional 1,578 shares during the period. Institutional investors own 28.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MFIC. Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods cut MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price objective for the company. in a research note on Wednesday, July 23rd. Finally, Truist Financial decreased their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.50.

MidCap Financial Investment Stock Performance

Shares of MFIC stock traded up $0.2030 during mid-day trading on Friday, reaching $13.1430. The stock had a trading volume of 251,812 shares, compared to its average volume of 436,237. The business's fifty day moving average is $12.75 and its 200-day moving average is $12.78. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.49. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 12.17 and a beta of 0.99. MidCap Financial Investment Corporation has a 1-year low of $10.18 and a 1-year high of $14.74.

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

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, September 9th. MidCap Financial Investment's dividend payout ratio (DPR) is 140.74%.

MidCap Financial Investment Company 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.