MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Bought by Sigma Planning Corp

Sigma Planning Corp raised its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,805 shares of the company’s stock after purchasing an additional 5,025 shares during the quarter. Sigma Planning Corp owned about 0.06% of MidCap Financial Investment worth $774,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of MidCap Financial Investment in the 1st quarter valued at $532,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of MidCap Financial Investment by 19.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock valued at $3,984,000 after acquiring an additional 42,723 shares in the last quarter. MQS Management LLC acquired a new position in shares of MidCap Financial Investment during the 2nd quarter valued at $575,000. J.W. Cole Advisors Inc. acquired a new position in shares of MidCap Financial Investment during the 3rd quarter valued at $628,000. Finally, Condor Capital Management lifted its holdings in shares of MidCap Financial Investment by 16.3% during the 2nd quarter. Condor Capital Management now owns 306,024 shares of the company’s stock valued at $4,633,000 after acquiring an additional 42,939 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $13.72 on Thursday. The company has a quick ratio of 3.02, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The firm has a 50-day simple moving average of $13.47 and a 200 day simple moving average of $14.39. The company has a market cap of $1.29 billion, a PE ratio of 8.79 and a beta of 1.50.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date of this dividend is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MFIC shares. Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. reduced 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 report on Monday, July 29th. Wells Fargo & Company reduced their target price 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. 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 on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of “Moderate Buy” and an average price target of $14.86.

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.