Two Sigma Advisers LP Decreases Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Two Sigma Advisers LP trimmed its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 45.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 176,320 shares of the company's stock after selling 146,000 shares during the period. Two Sigma Advisers LP owned approximately 0.19% of MidCap Financial Investment worth $2,379,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MFIC. Stephens Inc. AR boosted its position in shares of MidCap Financial Investment by 1.2% during the fourth quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after buying an additional 1,000 shares during the period. Allworth Financial LP raised its stake in MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after buying an additional 1,699 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of MidCap Financial Investment by 2.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company's stock worth $920,000 after purchasing an additional 1,851 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of MidCap Financial Investment by 4.6% during the fourth quarter. Sigma Planning Corp now owns 60,438 shares of the company's stock worth $815,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in shares of MidCap Financial Investment by 30.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 18,475 shares of the company's stock worth $249,000 after purchasing an additional 4,319 shares during the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Trading Down 1.6%

MFIC traded down $0.21 during trading on Monday, hitting $12.92. The company's stock had a trading volume of 365,137 shares, compared to its average volume of 432,166. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37. The firm's 50 day moving average price is $12.15 and its 200-day moving average price is $13.15. The stock has a market cap of $1.21 billion, a PE ratio of 8.28 and a beta of 1.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data 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). MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The company had revenue of $78.70 million for the quarter, compared to analysts' expectations of $82.49 million. On average, analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm 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 is Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.76%. MidCap Financial Investment's dividend payout ratio (DPR) is 122.58%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MFIC shares. Truist Financial lowered their price target on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. reduced their price target on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on 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, Keefe, Bruyette & Woods cut their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

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.