Cetera Investment Advisers Sells 35,584 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Cetera Investment Advisers lessened its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,987 shares of the company's stock after selling 35,584 shares during the quarter. Cetera Investment Advisers owned 0.11% of MidCap Financial Investment worth $1,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MFIC. Castlekeep Investment Advisors LLC acquired a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $16,771,000. CF Capital LLC acquired a new stake in MidCap Financial Investment during the fourth quarter worth approximately $2,799,000. Ameriprise Financial Inc. grew its position in MidCap Financial Investment by 23.4% during the fourth quarter. Ameriprise Financial Inc. now owns 320,415 shares of the company's stock worth $4,322,000 after buying an additional 60,759 shares in the last quarter. Almitas Capital LLC increased its stake in MidCap Financial Investment by 88.2% during the 4th quarter. Almitas Capital LLC now owns 135,444 shares of the company's stock worth $1,827,000 after acquiring an additional 63,491 shares during the period. Finally, Ares Management LLC raised its holdings in MidCap Financial Investment by 55.5% in the 4th quarter. Ares Management LLC now owns 482,032 shares of the company's stock valued at $6,503,000 after acquiring an additional 172,032 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on MFIC shares. Keefe, Bruyette & Woods dropped their price target 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. Truist Financial decreased their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Wells Fargo & Company dropped their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

MidCap Financial Investment Stock Up 1.8%

NASDAQ MFIC traded up $0.23 on Tuesday, reaching $12.96. The company had a trading volume of 412,217 shares, compared to its average volume of 430,262. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company's fifty day moving average is $12.15 and its 200 day moving average is $13.17. MidCap Financial Investment Co. has a 52-week low of $10.18 and a 52-week high of $16.37. The stock has a market capitalization of $1.21 billion, a P/E ratio of 8.31 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 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 fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.73%. MidCap Financial Investment's dividend payout ratio is presently 122.58%.

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.