International Assets Investment Management LLC Lowers Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

International Assets Investment Management LLC reduced its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 91.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its holdings in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after acquiring an additional 809 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of MidCap Financial Investment during the third quarter valued at about $35,000. Brown Brothers Harriman & Co. bought a new stake in shares of MidCap Financial Investment in the second quarter worth about $81,000. Westchester Capital Management LLC purchased a new stake in shares of MidCap Financial Investment in the third quarter worth about $103,000. Finally, ProShare Advisors LLC bought a new position in MidCap Financial Investment during the second quarter valued at approximately $159,000. Institutional investors own 28.45% of the company’s stock.

Analysts Set New Price Targets

MFIC has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company lowered their price objective on shares of 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, MidCap Financial Investment currently has an average rating of “Moderate Buy” and a consensus target price of $14.71.

MidCap Financial Investment Stock Performance

MidCap Financial Investment stock opened at $13.15 on Friday. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36. The company’s 50-day moving average is $13.66 and its 200 day moving average is $13.86. The firm has a market capitalization of $1.23 billion, a P/E ratio of 8.43 and a beta of 1.48. 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 Dividend Announcement

The firm also recently declared 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

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.