MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,334 shares of the company’s stock after selling 32,136 shares during the quarter. Sigma Planning Corp’s holdings in MidCap Financial Investment were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of MidCap Financial Investment by 1,268.1% in the 4th quarter. International Assets Investment Management LLC now owns 286,055 shares of the company’s stock valued at $3,913,000 after acquiring an additional 265,146 shares during the period. Graypoint LLC acquired a new position in shares of MidCap Financial Investment in the 3rd quarter valued at $2,090,000. GraniteShares Advisors LLC acquired a new position in shares of MidCap Financial Investment in the 4th quarter valued at $1,470,000. Van ECK Associates Corp increased its holdings in shares of MidCap Financial Investment by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,081,719 shares of the company’s stock valued at $14,874,000 after acquiring an additional 64,214 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of MidCap Financial Investment by 19,112.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 62,248 shares of the company’s stock valued at $856,000 after acquiring an additional 61,924 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Truist Financial boosted their price objective on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Citigroup boosted their price objective on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company boosted their target price on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, MidCap Financial Investment currently has an average rating of “Moderate Buy” and an average price target of $14.79.

MidCap Financial Investment Trading Up 0.9 %

Shares of MFIC stock opened at $15.18 on Monday. The firm has a 50-day moving average price of $14.75 and a 200 day moving average price of $13.96. MidCap Financial Investment Co. has a twelve month low of $10.78 and a twelve month high of $15.38. The company has a market capitalization of $990.50 million, a price-to-earnings ratio of 8.34 and a beta of 1.47. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. The firm had revenue of $71.95 million during the quarter, compared to the consensus estimate of $68.44 million. During the same quarter in the previous year, the company posted $0.43 EPS. Research analysts forecast that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 10.01%. The ex-dividend date was Monday, March 11th. MidCap Financial Investment’s payout ratio is 83.52%.

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.