Atom Investors LP Purchases Shares of 93,741 MidCap Financial Investment Co. (NASDAQ:MFIC)

Atom Investors LP acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 93,741 shares of the company’s stock, valued at approximately $1,255,000. Atom Investors LP owned approximately 0.10% of MidCap Financial Investment as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in MidCap Financial Investment during the second quarter valued at approximately $81,000. Westchester Capital Management LLC acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $103,000. Accel Wealth Management bought a new position in MidCap Financial Investment in the 2nd quarter valued at about $151,000. HB Wealth Management LLC bought a new position in MidCap Financial Investment in the second quarter valued at approximately $153,000. Finally, Essex Financial Services Inc. acquired a new position in shares of MidCap Financial Investment during the 2nd quarter worth $154,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MFIC. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company reduced their target price on 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and an average target price of $14.71.

MidCap Financial Investment Trading Down 0.6 %

MFIC opened at $14.10 on Wednesday. MidCap Financial Investment Co. has a 1-year low of $12.26 and a 1-year high of $16.36. The company has a market cap of $1.32 billion, a P/E ratio of 9.04 and a beta of 1.49. The company has a fifty day moving average price of $13.54 and a two-hundred day moving average price of $14.23. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be issued 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 dividend yield of 10.78%. MidCap Financial Investment’s dividend 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.