Atom Investors LP Purchases New Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Atom Investors LP purchased a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 93,741 shares of the company's stock, valued at approximately $1,255,000. Atom Investors LP owned 0.10% of MidCap Financial Investment as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at about $234,000. Westchester Capital Management LLC acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at about $103,000. Rockefeller Capital Management L.P. grew its position in shares of MidCap Financial Investment by 3.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 66,351 shares of the company's stock valued at $888,000 after acquiring an additional 2,055 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at about $238,000. Finally, Quantbot Technologies LP acquired a new stake in MidCap Financial Investment in the 3rd quarter worth about $351,000. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Trading Up 0.6 %

Shares of MFIC stock traded up $0.09 during trading on Wednesday, hitting $14.19. 337,380 shares of the stock traded hands, compared to its average volume of 324,375. The firm has a market capitalization of $1.33 billion, a P/E ratio of 9.10 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm's fifty day moving average price is $13.56 and its 200-day moving average price is $14.23. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.36.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 10.71%. MidCap Financial Investment's dividend payout ratio (DPR) is presently 97.44%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MFIC shares. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $14.00 price objective 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 assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.71.

About MidCap Financial Investment

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.