Bessemer Group Inc. Sells 9,912 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Bessemer Group Inc. reduced its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 75.0% during the fourth quarter, according to the company in its most recent disclosure 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 quarter. Bessemer Group Inc.’s holdings in MidCap Financial Investment were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Naviter Wealth LLC acquired a new position in shares of MidCap Financial Investment in the 4th quarter worth approximately $2,516,000. Legal & General Group Plc raised its stake in MidCap Financial Investment by 30.6% during the fourth quarter. Legal & General Group Plc now owns 620,824 shares of the company’s stock worth $8,372,000 after buying an additional 145,402 shares during the last quarter. Barclays PLC lifted its holdings in 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 buying an additional 123,569 shares during the period. JPMorgan Chase & Co. boosted its position in MidCap Financial Investment by 273.7% during the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after acquiring an additional 103,741 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in MidCap Financial Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock worth $32,005,000 after acquiring an additional 102,406 shares during the period. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Price Performance

MFIC stock opened at $11.76 on Friday. MidCap Financial Investment Co. has a 1 year low of $10.18 and a 1 year high of $16.37. The stock has a market capitalization of $1.10 billion, a PE ratio of 7.54 and a beta of 1.13. The company’s 50-day moving average is $12.94 and its 200-day moving average is $13.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The firm had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $86.28 million. Equities research analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 annualized dividend and a yield of 12.93%. MidCap Financial Investment’s payout ratio is 116.03%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods cut their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.50.

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.