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

Barclays PLC grew its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 190,106.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 123,634 shares of the company's stock after acquiring an additional 123,569 shares during the period. Barclays PLC owned about 0.13% of MidCap Financial Investment worth $1,656,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have commented on MFIC. Wells Fargo & Company decreased their price target 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. Royal Bank of Canada reissued a "sector perform" rating and set a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.71.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock traded down $0.10 during mid-day trading on Friday, hitting $13.55. 258,791 shares of the stock were exchanged, compared to its average volume of 332,441. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The company has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $13.99. The company has a market capitalization of $1.27 billion, a P/E ratio of 8.69 and a beta of 1.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 11.22%. MidCap Financial Investment's dividend payout ratio is currently 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.