Ausdal Financial Partners Inc. Has $175,000 Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Ausdal Financial Partners Inc. cut its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,982 shares of the company’s stock after selling 4,669 shares during the period. Ausdal Financial Partners Inc.’s holdings in MidCap Financial Investment were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 valued at $26,000 after purchasing an additional 809 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in MidCap Financial Investment in the 3rd quarter valued at approximately $35,000. Allworth Financial LP lifted its stake in 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 acquiring an additional 1,699 shares in the last quarter. Westchester Capital Management LLC acquired a new position in MidCap Financial Investment during the 3rd quarter worth approximately $103,000. Finally, Entropy Technologies LP bought a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $155,000. Institutional investors own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.60.

MidCap Financial Investment Stock Down 1.5 %

MFIC stock opened at $13.04 on Friday. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month high of $16.37. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 8.36 and a beta of 1.49. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $13.68 and a two-hundred day moving average price of $13.59.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The firm had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. Analysts anticipate that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment’s payout ratio is currently 116.03%.

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.