Barclays PLC Grows Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Barclays PLC lifted its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 190,106.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,634 shares of the company’s stock after purchasing an additional 123,569 shares during the quarter. Barclays PLC owned 0.13% of MidCap Financial Investment worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MFIC. Van ECK Associates Corp lifted its position in 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 last quarter. Foundations Investment Advisors LLC bought a new stake in shares of MidCap Financial Investment in the 3rd quarter worth approximately $4,172,000. International Assets Investment Management LLC lifted its holdings in shares of MidCap Financial Investment by 1,208.0% in the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock worth $3,772,000 after acquiring an additional 260,137 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after purchasing an additional 258,940 shares during the last quarter. Finally, Stifel Financial Corp raised its position in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after purchasing an additional 192,731 shares during the period. 28.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MFIC shares. Royal Bank of Canada restated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company lowered their target price 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.71.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $13.15 on Friday. 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 company has a 50-day moving average price of $13.66 and a 200-day moving average price of $13.86. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 8.43 and a beta of 1.48. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36.

MidCap Financial Investment Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment’s payout ratio is 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.