Atom Investors LP Takes $1.26 Million Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Atom Investors LP bought a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 93,741 shares of the company’s stock, valued at approximately $1,255,000.

A number of other large investors also recently modified their holdings of the company. Paloma Partners Management Co purchased a new position in MidCap Financial Investment during the third quarter worth about $234,000. Westchester Capital Management LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at about $103,000. Rockefeller Capital Management L.P. grew its holdings in shares of MidCap Financial Investment by 3.2% during the third quarter. Rockefeller Capital Management L.P. now owns 66,351 shares of the company’s stock worth $888,000 after purchasing an additional 2,055 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of MidCap Financial Investment in the third quarter worth approximately $238,000. Finally, Quantbot Technologies LP bought a new stake in MidCap Financial Investment during the third quarter valued at approximately $351,000. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $14.10 on Wednesday. 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 stock has a market cap of $1.32 billion, a PE ratio of 9.04 and a beta of 1.49. The company’s fifty day moving average is $13.54 and its 200 day moving average is $14.23. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36.

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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company lowered 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

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.