Cetera Investment Advisers Has $1.34 Million Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Cetera Investment Advisers lowered its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,987 shares of the company's stock after selling 35,584 shares during the quarter. Cetera Investment Advisers owned approximately 0.11% of MidCap Financial Investment worth $1,335,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of MidCap Financial Investment by 273.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company's stock valued at $1,897,000 after purchasing an additional 103,741 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in MidCap Financial Investment by 74.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company's stock worth $1,103,000 after acquiring an additional 34,875 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in MidCap Financial Investment by 270.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 111,956 shares of the company's stock worth $1,510,000 after acquiring an additional 81,695 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in MidCap Financial Investment by 28.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company's stock worth $5,396,000 after acquiring an additional 88,468 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in MidCap Financial Investment by 30.6% during the 4th quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock worth $8,372,000 after acquiring an additional 145,402 shares during the last quarter. Institutional investors own 28.45% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Truist Financial reduced their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods cut their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

MidCap Financial Investment Stock Up 0.7%

Shares of MFIC stock traded up $0.09 during trading on Friday, reaching $12.73. The company's stock had a trading volume of 263,429 shares, compared to its average volume of 430,335. 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 business has a fifty day moving average price of $12.16 and a 200-day moving average price of $13.18. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 8.16 and a beta of 1.00. MidCap Financial Investment Co. has a one year low of $10.18 and a one year high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released 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). MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The firm had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. Analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.94%. The ex-dividend date is Tuesday, June 10th. MidCap Financial Investment's payout ratio is 122.58%.

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.