MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by M Holdings Securities Inc.

M Holdings Securities Inc. lowered its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 76,951 shares of the company’s stock after selling 1,659 shares during the quarter. M Holdings Securities Inc. owned about 0.08% of MidCap Financial Investment worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of MidCap Financial Investment by 49.9% during the third quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after purchasing an additional 755,436 shares during the period. Allspring Global Investments Holdings LLC raised its position in MidCap Financial Investment by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock worth $28,880,000 after buying an additional 10,669 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after acquiring an additional 258,940 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of MidCap Financial Investment by 22.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company’s stock valued at $4,302,000 after acquiring an additional 58,188 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of MidCap Financial Investment in the third quarter worth $4,172,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Up 1.2 %

Shares of MFIC opened at $13.99 on Friday. The firm has a market cap of $1.31 billion, a P/E ratio of 8.97 and a beta of 1.50. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The stock’s 50 day moving average is $13.48 and its two-hundred day moving average is $14.32. 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 declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors 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 yield of 10.86%. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MFIC shares. 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 report on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average price target of $14.71.

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.