Barclays PLC Acquires 123,569 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Barclays PLC increased its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 190,106.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,634 shares of the company’s stock after buying an additional 123,569 shares during the period. Barclays PLC owned 0.13% of MidCap Financial Investment worth $1,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in MidCap Financial Investment in the second quarter worth about $81,000. Westchester Capital Management LLC bought a new position in MidCap Financial Investment during the 3rd quarter worth about $103,000. HB Wealth Management LLC purchased a new position in MidCap Financial Investment during the 2nd quarter valued at about $153,000. Finally, Essex Financial Services Inc. bought a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at about $154,000. Institutional investors own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MFIC shares. Wells Fargo & Company dropped their price objective on shares of 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. 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, MidCap Financial Investment has an average rating of “Moderate Buy” and a consensus target price of $14.71.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $13.55 on Friday. MidCap Financial Investment Co. has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.69 and a beta of 1.49. The stock’s 50-day simple moving average is $13.66 and its 200-day simple moving average is $14.00.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.22%. The ex-dividend date was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

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.