Alpine Global Management LLC Sells 1,657 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Alpine Global Management LLC lessened its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 0.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 189,643 shares of the company’s stock after selling 1,657 shares during the quarter. Alpine Global Management LLC’s holdings in MidCap Financial Investment were worth $2,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MFIC. Allworth Financial LP grew 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 acquiring an additional 1,699 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in MidCap Financial Investment by 247.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock valued at $91,000 after acquiring an additional 4,793 shares during the last quarter. Entropy Technologies LP bought a new position in MidCap Financial Investment in the 4th quarter valued at $155,000. StoneX Group Inc. bought a new position in MidCap Financial Investment in the 4th quarter valued at $180,000. Finally, Oppenheimer & Co. Inc. bought a new position in MidCap Financial Investment in the 4th quarter valued at $221,000. Institutional investors own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

MFIC has been the topic of several research analyst reports. Truist Financial cut their price objective 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. Wells Fargo & Company dropped their price target on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on 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 four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.00.

MidCap Financial Investment Trading Up 0.9%

Shares of NASDAQ MFIC opened at $12.64 on Friday. The business has a fifty day moving average price of $12.16 and a 200 day moving average price of $13.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick 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 $1.18 billion, a P/E ratio of 8.10 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly 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 during the quarter, compared to analyst estimates of $82.49 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Equities research analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 12.03%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment’s dividend payout ratio is presently 122.58%.

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.