Tyche Wealth Partners LLC Sells 14,728 Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC)

Tyche Wealth Partners LLC lessened its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 43.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,500 shares of the company’s stock after selling 14,728 shares during the quarter. Tyche Wealth Partners LLC’s holdings in MidCap Financial Investment were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after purchasing an additional 1,699 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 worth $91,000 after acquiring an additional 4,793 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of MidCap Financial Investment in the 4th quarter worth about $156,000. StoneX Group Inc. purchased a new position in MidCap Financial Investment during the 4th quarter valued at about $180,000. Finally, Accel Wealth Management lifted its position in MidCap Financial Investment by 8.5% during the 1st quarter. Accel Wealth Management now owns 13,651 shares of the company’s stock valued at $176,000 after acquiring an additional 1,074 shares during the period. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Trading Up 0.5%

NASDAQ:MFIC opened at $12.41 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 10.01 and a beta of 0.99. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average price is $12.42 and its 200-day moving average price is $12.99. MidCap Financial Investment Corporation has a 52 week low of $10.18 and a 52 week high of $15.70.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share (EPS) 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 the consensus estimate of $82.49 million. MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. On average, equities research analysts forecast that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.52 annualized dividend and a dividend yield of 12.25%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 122.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, MidCap Financial Investment has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.