Bessemer Group Inc. Has $45,000 Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Bessemer Group Inc. lessened its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 75.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,304 shares of the company’s stock after selling 9,912 shares during the period. Bessemer Group Inc.’s holdings in MidCap Financial Investment were worth $45,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR raised its stake in MidCap Financial Investment by 1.2% in the fourth quarter. Stephens Inc. AR now owns 84,491 shares of the company’s stock valued at $1,140,000 after purchasing an additional 1,000 shares in the last quarter. Allworth Financial LP raised its position in shares of 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 buying an additional 1,699 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth approximately $35,000. Sigma Planning Corp lifted its holdings in shares of MidCap Financial Investment by 4.6% during the 4th quarter. Sigma Planning Corp now owns 60,438 shares of the company’s stock worth $815,000 after acquiring an additional 2,633 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in shares of MidCap Financial Investment by 30.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 18,475 shares of the company’s stock worth $249,000 after acquiring an additional 4,319 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Trading Up 3.7 %

Shares of MFIC stock opened at $11.76 on Friday. MidCap Financial Investment Co. has a twelve month low of $10.18 and a twelve month high of $16.37. The stock’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $13.38. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.10 billion, a P/E 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 the consensus estimate of $0.40. The company had revenue of $82.16 million for the quarter, compared to analysts’ expectations 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, sell-side analysts predict 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 was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.93%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 116.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MFIC shares. Wells Fargo & Company cut their target price on 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 lowered their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.50.

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.