Ausdal Financial Partners Inc. Sells 4,669 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Ausdal Financial Partners Inc. lowered its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,982 shares of the company’s stock after selling 4,669 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in MidCap Financial Investment were worth $175,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MFIC. Nomura Asset Management Co. Ltd. increased its position 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 purchasing an additional 809 shares during the period. Anchor Investment Management LLC bought a new position in shares of MidCap Financial Investment in the 3rd quarter valued at about $35,000. Allworth Financial LP grew its position in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after buying an additional 1,699 shares during the period. Westchester Capital Management LLC bought a new stake in shares of MidCap Financial Investment during the third quarter worth approximately $103,000. Finally, Entropy Technologies LP acquired a new position in MidCap Financial Investment in the fourth quarter valued at approximately $155,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $13.04 on Friday. The firm’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $13.59. MidCap Financial Investment Co. has a fifty-two week low of $12.26 and a fifty-two week high of $16.37. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.36 and a beta of 1.49. 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 results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. As a group, sell-side analysts forecast that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their target price 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 Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

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.