Arkadios Wealth Advisors Sells 10,284 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Arkadios Wealth Advisors lowered its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,587 shares of the company’s stock after selling 10,284 shares during the period. Arkadios Wealth Advisors owned 0.11% of MidCap Financial Investment worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in MidCap Financial Investment by 49.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock valued at $30,079,000 after buying an additional 755,436 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in MidCap Financial Investment by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock worth $28,880,000 after purchasing an additional 10,669 shares during the last quarter. Advisors Asset Management Inc. raised its stake in MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after purchasing an additional 258,940 shares in the last quarter. Franklin Resources Inc. lifted its position in 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 purchasing an additional 93,972 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of MidCap Financial Investment by 11.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock worth $4,811,000 after buying an additional 35,341 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MFIC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company lowered their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.71.

MidCap Financial Investment Trading Up 0.4 %

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. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The company’s 50-day moving average price is $13.66 and its 200-day moving average price is $13.79. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

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.