MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by MQS Management LLC

MQS Management LLC cut its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 33.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,377 shares of the company’s stock after selling 12,615 shares during the period. MQS Management LLC’s holdings in MidCap Financial Investment were worth $340,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in MidCap Financial Investment in the 2nd quarter worth approximately $81,000. Accel Wealth Management purchased a new position in shares of MidCap Financial Investment during the second quarter worth $151,000. HB Wealth Management LLC acquired a new position in MidCap Financial Investment during the second quarter valued at $153,000. Essex Financial Services Inc. purchased a new stake in MidCap Financial Investment in the second quarter valued at $154,000. Finally, ProShare Advisors LLC acquired a new stake in MidCap Financial Investment during the 2nd quarter worth about $159,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Compass Point raised MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, July 25th. Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Monday, August 5th. Wells Fargo & Company dropped 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 note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their target price 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.86.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $13.61 on Friday. The business’s 50 day moving average price is $13.46 and its 200-day moving average price is $14.39. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 3.02. The firm has a market capitalization of $1.28 billion, a PE ratio of 8.79 and a beta of 1.50.

MidCap Financial Investment Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 11.17%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

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.