Invesco Ltd. Sells 61,290 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Invesco Ltd. decreased its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 752,407 shares of the company's stock after selling 61,290 shares during the period. Invesco Ltd. owned 0.80% of MidCap Financial Investment worth $10,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its stake in MidCap Financial Investment by 1.2% during the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after acquiring an additional 1,000 shares during the period. Allworth Financial LP raised its stake in MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after acquiring an additional 1,699 shares during the period. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment during the third quarter valued at approximately $35,000. Sigma Planning Corp raised its position 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 valued at $815,000 after buying an additional 2,633 shares during the last quarter. Finally, Arete Wealth Advisors LLC raised its position 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 valued at $249,000 after buying an additional 4,319 shares during the last quarter. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

MFIC traded up $0.08 during trading hours on Monday, hitting $12.12. The company's stock had a trading volume of 267,594 shares, compared to its average volume of 418,508. The business's 50-day moving average price is $12.57 and its 200-day moving average price is $13.31. MidCap Financial Investment Co. has a 12 month low of $10.18 and a 12 month high of $16.37. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 7.77 and a beta of 1.13. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The company had revenue of $82.16 million for the quarter, compared to analysts' expectations of $86.28 million. Sell-side analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 12.54%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is 116.03%.

Analyst Ratings Changes

MFIC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. 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 report on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.80.

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.