Kovitz Investment Group Partners LLC Makes New $692,000 Investment in MidCap Financial Investment Co. (NASDAQ:MFIC)

Kovitz Investment Group Partners LLC acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 51,666 shares of the company's stock, valued at approximately $692,000. Kovitz Investment Group Partners LLC owned about 0.06% of MidCap Financial Investment at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MFIC. Cetera Advisors LLC purchased a new position in MidCap Financial Investment during the first quarter worth about $161,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of MidCap Financial Investment by 19.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company's stock worth $3,984,000 after purchasing an additional 42,723 shares during the period. HB Wealth Management LLC acquired a new stake in MidCap Financial Investment in the 2nd quarter valued at approximately $153,000. Van ECK Associates Corp raised its position in MidCap Financial Investment by 17.6% in the second quarter. Van ECK Associates Corp now owns 1,514,663 shares of the company's stock valued at $22,932,000 after purchasing an additional 226,313 shares during the period. Finally, Graypoint LLC lifted its stake in MidCap Financial Investment by 2.5% during the second quarter. Graypoint LLC now owns 164,185 shares of the company's stock worth $2,486,000 after purchasing an additional 4,012 shares in the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price target 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 reaffirmed a "sector perform" rating and set a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.71.

MidCap Financial Investment Stock Up 0.2 %

NASDAQ MFIC traded up $0.03 on Thursday, hitting $13.71. 245,199 shares of the stock were exchanged, compared to its average volume of 327,719. 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 50-day moving average price of $13.62 and a 200-day moving average price of $14.18. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.29 billion, a PE ratio of 8.77 and a beta of 1.49.

MidCap Financial Investment Dividend Announcement

The firm 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. This represents a $1.52 annualized dividend and a yield of 11.09%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment's dividend payout ratio (DPR) 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.