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

Sigma Planning Corp trimmed its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 63.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,334 shares of the company’s stock after selling 32,136 shares during the period. Sigma Planning Corp’s holdings in MidCap Financial Investment were worth $251,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its stake in MidCap Financial Investment by 63.3% during the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock valued at $83,000 after buying an additional 2,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in MidCap Financial Investment during the third quarter valued at about $179,000. Cambridge Investment Research Advisors Inc. boosted its stake in MidCap Financial Investment by 6.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,963 shares of the company’s stock valued at $192,000 after buying an additional 883 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in MidCap Financial Investment by 10.0% during the third quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock valued at $284,000 after buying an additional 1,882 shares in the last quarter. Finally, Jump Financial LLC boosted its position in shares of MidCap Financial Investment by 103.1% in the 3rd quarter. Jump Financial LLC now owns 28,100 shares of the company’s stock valued at $386,000 after purchasing an additional 14,264 shares during the period. 28.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. raised their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Royal Bank of Canada raised their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Citigroup raised their price objective on MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Truist Financial raised their price target on MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research note 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.79.

MidCap Financial Investment Stock Up 0.9 %

MFIC opened at $15.18 on Monday. The business 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 debt-to-equity ratio of 1.45, a quick ratio of 4.43 and a current ratio of 4.43. The firm has a market cap of $990.50 million, a P/E ratio of 8.34 and a beta of 1.47.

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

MidCap Financial Investment Announces Dividend

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

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.