LSV Asset Management Trims Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

LSV Asset Management decreased its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 15.7% during the 4th quarter, HoldingsChannel reports. The fund owned 139,532 shares of the company’s stock after selling 25,966 shares during the quarter. LSV Asset Management’s holdings in MidCap Financial Investment were worth $1,882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MFIC. Van ECK Associates Corp grew its stake in shares of MidCap Financial Investment by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock valued at $32,005,000 after buying an additional 102,406 shares during the period. Legal & General Group Plc raised its position in MidCap Financial Investment by 30.6% in the fourth quarter. Legal & General Group Plc now owns 620,824 shares of the company’s stock valued at $8,372,000 after purchasing an additional 145,402 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of MidCap Financial Investment by 4.1% during the 4th quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company’s stock worth $6,240,000 after purchasing an additional 18,046 shares during the period. Franklin Resources Inc. increased its position in shares of MidCap Financial Investment by 15.3% during the 4th quarter. Franklin Resources Inc. now owns 442,643 shares of the company’s stock worth $5,971,000 after purchasing an additional 58,589 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in MidCap Financial Investment by 28.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company’s stock valued at $5,396,000 after buying an additional 88,468 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on MFIC shares. Keefe, Bruyette & Woods lowered their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.50.

MidCap Financial Investment Stock Up 0.9 %

Shares of MFIC opened at $11.16 on Tuesday. The company’s 50-day simple moving average is $13.10 and its 200-day simple moving average is $13.42. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37. The stock has a market capitalization of $1.05 billion, a PE ratio of 7.15 and a beta of 1.13.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. Analysts forecast that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 13.62%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio is currently 116.03%.

About MidCap Financial Investment

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.