International Assets Investment Management LLC Sells 256,953 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

International Assets Investment Management LLC cut its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 91.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,719 shares of the company’s stock after selling 256,953 shares during the quarter. International Assets Investment Management LLC’s holdings in MidCap Financial Investment were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in MidCap Financial Investment by 273.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock worth $1,897,000 after purchasing an additional 103,741 shares during the period. Franklin Resources Inc. increased its stake in shares of MidCap Financial Investment by 32.4% during the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after buying an additional 93,972 shares during the period. Anchor Investment Management LLC purchased a new position in shares of MidCap Financial Investment during the third quarter valued at $35,000. Barclays PLC raised its holdings in shares of MidCap Financial Investment by 190,106.2% in the third quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after acquiring an additional 123,569 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after acquiring an additional 809 shares during the period. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of MFIC opened at $13.15 on Friday. The company has a 50 day moving average of $13.66 and a two-hundred day moving average of $13.86. 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 twelve month low of $12.26 and a twelve month high of $16.36. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 8.43 and a beta of 1.48.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 10th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 11.56%. MidCap Financial Investment’s dividend payout ratio (DPR) is 97.44%.

Analyst Upgrades and Downgrades

MFIC has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.71.

MidCap Financial Investment Company 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.