MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 553,212 shares of the company’s stock after selling 34,810 shares during the quarter. Wells Fargo & Company MN’s holdings in MidCap Financial Investment were worth $7,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of MFIC. Jane Street Group LLC bought a new stake in shares of MidCap Financial Investment during the third quarter valued at approximately $469,000. Barclays PLC boosted its stake in MidCap Financial Investment by 190,106.2% during the third quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after buying an additional 123,569 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment in the 3rd quarter worth approximately $35,000. Franklin Resources Inc. increased its holdings in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after buying an additional 93,972 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of MidCap Financial Investment by 273.7% during the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after purchasing an additional 103,741 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock opened at $11.76 on Friday. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 12-month low of $10.18 and a 12-month high of $16.37. The business’s 50-day simple moving average is $12.90 and its 200 day simple moving average is $13.37. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 7.54 and a beta of 1.13.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. As a group, research analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 12.93%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 116.03%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MFIC. Wells Fargo & Company decreased 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 note on Thursday, February 27th. Keefe, Bruyette & Woods cut their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

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.