Farther Finance Advisors LLC Decreases Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Farther Finance Advisors LLC trimmed its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 65.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,032 shares of the company’s stock after selling 15,330 shares during the period. Farther Finance Advisors LLC’s holdings in MidCap Financial Investment were worth $108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MFIC. SG Americas Securities LLC purchased a new position in MidCap Financial Investment during the 1st quarter valued at about $532,000. Hennion & Walsh Asset Management Inc. raised its stake 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 worth $3,984,000 after acquiring an additional 42,723 shares in the last quarter. MQS Management LLC purchased a new stake in MidCap Financial Investment during the second quarter valued at approximately $575,000. J.W. Cole Advisors Inc. purchased a new stake in MidCap Financial Investment during the third quarter valued at approximately $628,000. Finally, Condor Capital Management boosted its stake in MidCap Financial Investment by 16.3% in the second 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. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Trading Up 1.5 %

Shares of MidCap Financial Investment stock opened at $13.65 on Tuesday. The stock has a market cap of $1.28 billion, a PE ratio of 8.75 and a beta of 1.50. The firm has a fifty day moving average price of $13.48 and a 200 day moving average price of $14.41. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 3.02.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.14%. MidCap Financial Investment’s payout ratio is 97.44%.

Analyst Upgrades and Downgrades

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