LSV Asset Management Cuts Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

LSV Asset Management reduced its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,532 shares of the company's stock after selling 25,966 shares during the quarter. LSV Asset Management owned 0.15% of MidCap Financial Investment worth $1,882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in MidCap Financial Investment by 403.7% during the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company's stock valued at $3,220,000 after purchasing an additional 192,731 shares during the last quarter. Naviter Wealth LLC bought a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $2,516,000. Legal & General Group Plc boosted its position in shares of MidCap Financial Investment by 30.6% during the fourth quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock valued at $8,372,000 after buying an additional 145,402 shares during the last quarter. Barclays PLC grew its holdings in MidCap Financial Investment by 190,106.2% during the third quarter. Barclays PLC now owns 123,634 shares of the company's stock worth $1,656,000 after buying an additional 123,569 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in 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 buying an additional 103,741 shares during the last quarter. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock traded up $0.42 on Friday, reaching $11.76. 414,193 shares of the company traded hands, compared to its average volume of 417,660. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market capitalization of $1.10 billion, a PE ratio of 7.54 and a beta of 1.13. The company has a 50 day moving average of $12.90 and a 200 day moving average of $13.37. MidCap Financial Investment Co. has a 52 week low of $10.18 and a 52 week high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The firm had revenue of $82.16 million for the quarter, compared to analysts' expectations of $86.28 million. Equities analysts forecast 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 was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 12.93%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is currently 116.03%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MFIC shares. Keefe, Bruyette & Woods reduced their target price on shares of 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. Wells Fargo & Company decreased their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.50.

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.