MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Acquired by Muzinich & Co. Inc.

Muzinich & Co. Inc. increased its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 186,599 shares of the company’s stock after purchasing an additional 946 shares during the period. MidCap Financial Investment accounts for 1.8% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 16th biggest position. Muzinich & Co. Inc.’s holdings in MidCap Financial Investment were worth $2,499,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC bought a new position in shares of MidCap Financial Investment in the 3rd quarter worth about $428,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after acquiring an additional 946 shares during the last quarter. Sigma Planning Corp lifted its holdings in MidCap Financial Investment by 9.5% in the third quarter. Sigma Planning Corp now owns 57,805 shares of the company’s stock worth $774,000 after acquiring an additional 5,025 shares during the last quarter. Confluence Investment Management LLC acquired a new position in MidCap Financial Investment in the third quarter valued at approximately $1,179,000. Finally, Graypoint LLC grew its holdings in shares of MidCap Financial Investment by 4.4% during the third quarter. Graypoint LLC now owns 171,374 shares of the company’s stock valued at $2,295,000 after purchasing an additional 7,189 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised 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. cut 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. Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, July 25th. Finally, 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 report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.86.

MidCap Financial Investment Trading Up 1.0 %

NASDAQ:MFIC opened at $13.75 on Friday. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36. The business has a fifty day moving average of $13.46 and a 200-day moving average of $14.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.02 and a current ratio of 8.51. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 8.81 and a beta of 1.50.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 11.05%. MidCap Financial Investment’s payout ratio is 97.44%.

MidCap Financial Investment 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.