MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors cut its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 8.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 105,587 shares of the company’s stock after selling 10,284 shares during the quarter. Arkadios Wealth Advisors’ holdings in MidCap Financial Investment were worth $1,424,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MFIC. Nomura Asset Management Co. Ltd. lifted its holdings in shares of MidCap Financial Investment by 71.8% during 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 during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in MidCap Financial Investment by 4.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock worth $294,000 after buying an additional 837 shares in the last quarter. Muzinich & Co. Inc. grew its position in MidCap Financial Investment by 0.5% during the third quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock valued at $2,499,000 after buying an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after buying an additional 946 shares in the last quarter. Finally, Creative Planning raised its position in shares of MidCap Financial Investment by 18.3% in the third quarter. Creative Planning now owns 12,603 shares of the company’s stock worth $169,000 after acquiring an additional 1,950 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.71.

MidCap Financial Investment Stock Up 0.4 %

Shares of NASDAQ MFIC opened at $13.49 on Monday. The stock has a market cap of $1.27 billion, a PE ratio of 8.65 and a beta of 1.48. 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 Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The company has a 50-day moving average of $13.66 and a 200 day moving average of $13.79.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 10th were issued a $0.38 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.27%. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

MidCap Financial Investment Profile

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.