MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 66.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,291 shares of the company’s stock after selling 264,883 shares during the quarter. Two Sigma Investments LP owned about 0.14% of MidCap Financial Investment worth $1,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP raised its position in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after purchasing an additional 1,699 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in MidCap Financial Investment by 247.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock valued at $91,000 after purchasing an additional 4,793 shares during the period. Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $155,000. StoneX Group Inc. acquired a new stake in shares of MidCap Financial Investment during the fourth quarter worth about $180,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of MidCap Financial Investment during the fourth quarter worth about $221,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MFIC has been the topic of several recent research reports. JPMorgan Chase & Co. dropped 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 note on Thursday, April 24th. Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial dropped their target price on MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.00.

MidCap Financial Investment Stock Performance

MidCap Financial Investment stock opened at $12.92 on Tuesday. MidCap Financial Investment Co. has a 52 week low of $10.18 and a 52 week high of $16.37. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.21 billion, a P/E ratio of 8.28 and a beta of 1.00. The stock has a 50 day moving average of $12.15 and a 200-day moving average of $13.15.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $82.49 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.76%. The ex-dividend date is Tuesday, June 10th. MidCap Financial Investment’s payout ratio is currently 122.58%.

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.