Muzinich & Co. Inc. Grows Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Muzinich & Co. Inc. raised its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,599 shares of the company’s stock after buying an additional 946 shares during the quarter. MidCap Financial Investment makes up approximately 1.8% of Muzinich & Co. Inc.’s holdings, making the stock its 16th largest holding. Muzinich & Co. Inc. owned 0.20% of MidCap Financial Investment worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of MidCap Financial Investment by 5.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company’s stock valued at $312,000 after buying an additional 1,048 shares during the period. SG Americas Securities LLC acquired a new stake in MidCap Financial Investment in the 1st quarter valued at $532,000. Advisors Asset Management Inc. lifted its stake in shares of MidCap Financial Investment by 11.7% during the first quarter. Advisors Asset Management Inc. now owns 141,318 shares of the company’s stock worth $2,125,000 after purchasing an additional 14,779 shares in the last quarter. Virtu Financial LLC boosted its position in shares of MidCap Financial Investment by 11.8% in the first quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock worth $204,000 after buying an additional 1,429 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in shares of MidCap Financial Investment in the first quarter valued at about $161,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MFIC. Wells Fargo & Company reduced their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Stock Up 1.0 %

Shares of NASDAQ:MFIC opened at $13.75 on Friday. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The company has a current ratio of 8.51, a quick ratio of 3.02 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.29 billion, a PE ratio of 8.81 and a beta of 1.50. The company has a fifty day simple moving average of $13.46 and a 200 day simple moving average of $14.37.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.05%. 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.