HighTower Advisors LLC Has $1.21 Million Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

HighTower Advisors LLC lowered its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,317 shares of the company’s stock after selling 2,570 shares during the quarter. HighTower Advisors LLC’s holdings in MidCap Financial Investment were worth $1,205,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its stake in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after purchasing an additional 809 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter worth approximately $35,000. Allworth Financial LP raised its stake in shares of MidCap Financial Investment by 197.8% during the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after buying an additional 1,699 shares during the last quarter. Westchester Capital Management LLC acquired a new stake in MidCap Financial Investment during the 3rd quarter worth $103,000. Finally, Entropy Technologies LP bought a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $155,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analysts Set New Price Targets

Separately, 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

MidCap Financial Investment Price Performance

MFIC stock opened at $13.07 on Wednesday. The stock has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $13.61. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.37. The stock has a market cap of $1.23 billion, a PE ratio of 8.38 and a beta of 1.49. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

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

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.63%. MidCap Financial Investment’s payout ratio is 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.