Alpine Global Management LLC Decreases Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Alpine Global Management LLC decreased its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 0.9% in the 4th quarter, Holdings Channel reports. 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 SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC bought a new position in MidCap Financial Investment in the third quarter valued at $35,000. Allworth Financial LP lifted its stake 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 purchasing an additional 1,699 shares during the period. 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. Entropy Technologies LP bought a new position in MidCap Financial Investment in the 4th quarter worth about $155,000. Finally, StoneX Group Inc. purchased a new position in shares of MidCap Financial Investment in the fourth quarter worth $180,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Trading Down 2.4 %

MFIC opened at $11.48 on Tuesday. The company has a market capitalization of $1.08 billion, a P/E ratio of 7.36 and a beta of 1.13. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 52 week low of $10.18 and a 52 week high of $16.37. The stock’s fifty day moving average is $12.84 and its two-hundred day moving average is $13.36.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $82.16 million during 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%. Analysts forecast that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 13.24%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio is presently 116.03%.

Wall Street Analyst Weigh In

MFIC has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Keefe, Bruyette & Woods dropped their price target 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.50.

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.