BNP Paribas Financial Markets Acquires Shares of 17,747 MidCap Financial Investment Co. (NASDAQ:MFIC)

BNP Paribas Financial Markets bought a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,747 shares of the company’s stock, valued at approximately $238,000.

A number of other large investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in MidCap Financial Investment during the 2nd quarter worth about $81,000. HB Wealth Management LLC acquired a new stake in shares of MidCap Financial Investment during the second quarter worth approximately $153,000. Essex Financial Services Inc. purchased a new position in MidCap Financial Investment during the second quarter valued at approximately $154,000. ProShare Advisors LLC acquired a new position in MidCap Financial Investment in the 2nd quarter valued at approximately $159,000. Finally, Cetera Advisors LLC purchased a new stake in MidCap Financial Investment in the 1st quarter worth approximately $161,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their price target on 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.71.

MidCap Financial Investment Trading Down 1.4 %

Shares of MFIC opened at $13.52 on Tuesday. The stock has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $14.13. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.27 billion, a PE ratio of 8.67 and a beta of 1.49. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed 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 11.24%. The ex-dividend date of this dividend is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

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.