MQS Management LLC Sells 12,615 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

MQS Management LLC lessened its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 33.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

A number of other large investors have also recently modified their holdings of MFIC. Van ECK Associates Corp lifted its holdings in shares of MidCap Financial Investment by 49.9% in the 3rd 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 during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of MidCap Financial Investment by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock valued at $28,880,000 after acquiring an additional 10,669 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in MidCap Financial Investment by 22.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company’s stock worth $4,302,000 after acquiring an additional 58,188 shares during the period. Foundations Investment Advisors LLC purchased a new position in MidCap Financial Investment during the 3rd quarter valued at about $4,172,000. Finally, Condor Capital Management raised its holdings in shares of MidCap Financial Investment by 16.3% in the 2nd quarter. Condor Capital Management now owns 306,024 shares of the company’s stock valued at $4,633,000 after purchasing an additional 42,939 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Trading Down 0.8 %

Shares of NASDAQ:MFIC opened at $13.61 on Friday. 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 P/E ratio of 8.79 and a beta of 1.50. The business’s 50-day moving average is $13.46 and its 200 day moving average is $14.39. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors 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 11.17%. The ex-dividend date of this dividend is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MFIC. JPMorgan Chase & Co. cut their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company reduced their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Compass Point raised MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upgraded shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.86.

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.