MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,146,174 shares of the company’s stock after selling 113,294 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MidCap Financial Investment were worth $32,493,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MFIC. Van ECK Associates Corp lifted its holdings in shares of MidCap Financial Investment by 10.6% in the 4th quarter. Van ECK Associates Corp now owns 1,196,306 shares of the company’s stock worth $16,365,000 after acquiring an additional 114,587 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in MidCap Financial Investment by 19.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock worth $3,984,000 after buying an additional 42,723 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in MidCap Financial Investment during the 2nd quarter worth approximately $578,000. SG Americas Securities LLC acquired a new stake in MidCap Financial Investment during the 1st quarter worth approximately $532,000. Finally, Jump Financial LLC increased its position in shares of MidCap Financial Investment by 115.0% in the 4th quarter. Jump Financial LLC now owns 60,401 shares of the company’s stock valued at $826,000 after purchasing an additional 32,301 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on MFIC. Wells Fargo & Company dropped their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, July 25th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

MidCap Financial Investment Stock Up 0.5 %

Shares of NASDAQ MFIC opened at $13.88 on Wednesday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36. The firm has a 50-day moving average price of $14.52 and a 200 day moving average price of $14.84. The stock has a market capitalization of $905.71 million, a price-to-earnings ratio of 7.93 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. The firm had revenue of $69.16 million during the quarter, compared to analysts’ expectations of $68.02 million. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts anticipate that MidCap Financial Investment Co. will post 1.71 EPS for the current fiscal year.

MidCap Financial Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.38 per share. This is an increase from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 annualized dividend and a yield of 10.95%. The ex-dividend date of this dividend is Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is 86.86%.

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.