MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,381 shares of the company’s stock after acquiring an additional 38,226 shares during the quarter. D.A. Davidson & CO. owned 0.31% of MidCap Financial Investment worth $3,861,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of MidCap Financial Investment by 49.9% during the third quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after buying an additional 755,436 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of MidCap Financial Investment by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock worth $28,880,000 after buying an additional 10,669 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after buying an additional 258,940 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of MidCap Financial Investment by 22.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company’s stock worth $4,302,000 after buying an additional 58,188 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of MidCap Financial Investment during the third quarter worth approximately $4,172,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $14.05 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The stock has a market capitalization of $1.32 billion, a PE ratio of 9.01 and a beta of 1.50. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The business’s fifty day moving average price is $13.51 and its 200 day moving average price is $14.28.

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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 10.82%. The ex-dividend date of this dividend is Tuesday, December 10th. MidCap Financial Investment’s payout ratio is 97.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, MidCap Financial Investment presently has an average rating of “Moderate Buy” and a consensus target price 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.