Two Sigma Investments LP Sells 264,883 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Two Sigma Investments LP lowered its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 66.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,291 shares of the company's stock after selling 264,883 shares during the quarter. Two Sigma Investments LP owned about 0.14% of MidCap Financial Investment worth $1,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC increased its position in MidCap Financial Investment by 63.7% during the fourth quarter. ProShare Advisors LLC now owns 18,141 shares of the company's stock worth $245,000 after acquiring an additional 7,062 shares during the period. Lazard Asset Management LLC bought a new position in MidCap Financial Investment during the fourth quarter worth $594,000. Castlekeep Investment Advisors LLC bought a new position in MidCap Financial Investment during the fourth quarter worth $16,771,000. CF Capital LLC bought a new position in MidCap Financial Investment during the fourth quarter worth $2,799,000. Finally, Ameriprise Financial Inc. boosted its stake 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. Institutional investors own 28.45% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MFIC shares. Keefe, Bruyette & Woods decreased 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. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. decreased 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 note on Thursday, April 24th. Finally, Truist Financial reduced 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 research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC traded down $0.02 on Wednesday, hitting $12.99. The stock had a trading volume of 311,154 shares, compared to its average volume of 431,990. The firm's 50 day moving average price is $12.14 and its 200-day moving average price is $13.14. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.33 and a beta of 1.00. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. On average, equities research analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 annualized dividend and a yield of 11.70%. MidCap Financial Investment's dividend payout ratio (DPR) is 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.