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

M Holdings Securities Inc. reduced its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,951 shares of the company’s stock after selling 1,659 shares during the period. M Holdings Securities Inc.’s holdings in MidCap Financial Investment were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in MidCap Financial Investment in the 2nd quarter valued at $81,000. Accel Wealth Management acquired a new stake in shares of MidCap Financial Investment in the second quarter valued at about $151,000. HB Wealth Management LLC purchased a new position in shares of MidCap Financial Investment in the second quarter worth about $153,000. Essex Financial Services Inc. acquired a new position in MidCap Financial Investment during the second quarter worth about $154,000. Finally, ProShare Advisors LLC purchased a new stake in MidCap Financial Investment during the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

MFIC stock opened at $13.99 on Friday. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.36. 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 $1.31 billion, a price-to-earnings ratio of 8.97 and a beta of 1.50. The business has a fifty day moving average of $13.48 and a two-hundred day moving average of $14.32.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 10.86%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 97.44%.

Analysts Set New Price Targets

A number of research firms have weighed in on MFIC. JPMorgan Chase & Co. decreased their target price on shares of 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. Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Monday, August 5th. Wells Fargo & Company dropped their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, 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.