Mirae Asset Global Investments Co. Ltd. Sells 7,781 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 36.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,367 shares of the company’s stock after selling 7,781 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MidCap Financial Investment were worth $183,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MFIC. AE Wealth Management LLC boosted its holdings in shares of MidCap Financial Investment by 11.4% during the 3rd quarter. AE Wealth Management LLC now owns 49,709 shares of the company’s stock worth $683,000 after buying an additional 5,083 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of MidCap Financial Investment by 12.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 329,443 shares of the company’s stock worth $4,530,000 after buying an additional 36,842 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of MidCap Financial Investment by 6.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,963 shares of the company’s stock worth $192,000 after buying an additional 883 shares during the period. Graypoint LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $2,090,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in MidCap Financial Investment by 37.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 183,469 shares of the company’s stock valued at $2,523,000 after purchasing an additional 50,427 shares during the last quarter. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Price Performance

NASDAQ:MFIC opened at $15.18 on Friday. MidCap Financial Investment Co. has a 1-year low of $10.78 and a 1-year high of $15.38. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $13.95. The stock has a market capitalization of $990.50 million, a PE ratio of 8.34 and a beta of 1.47.

MidCap Financial Investment (NASDAQ:MFIC) last released 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 business had revenue of $71.95 million during the quarter, compared to analysts’ expectations of $68.44 million. During the same period last year, the business earned $0.43 earnings per share. On average, research analysts expect that MidCap Financial Investment Co. will post 1.72 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 10.01%. MidCap Financial Investment’s dividend payout ratio (DPR) is 83.52%.

Wall Street Analysts Forecast Growth

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

MidCap Financial Investment Company 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.