MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 403.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 240,478 shares of the company's stock after acquiring an additional 192,731 shares during the period. Stifel Financial Corp owned 0.26% of MidCap Financial Investment worth $3,220,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MFIC. Brown Brothers Harriman & Co. acquired a new stake in shares of MidCap Financial Investment in the second quarter worth approximately $81,000. Westchester Capital Management LLC acquired a new stake in MidCap Financial Investment during the 3rd quarter worth approximately $103,000. HB Wealth Management LLC purchased a new position in MidCap Financial Investment in the second quarter valued at approximately $153,000. Essex Financial Services Inc. acquired a new position in MidCap Financial Investment during the second quarter valued at approximately $154,000. Finally, ProShare Advisors LLC purchased a new stake in MidCap Financial Investment during the second quarter worth approximately $159,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

Analysts Set New Price Targets

MFIC has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of 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 restated a "sector perform" rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.71.

MidCap Financial Investment Stock Down 1.8 %

Shares of MidCap Financial Investment stock traded down $0.24 during trading hours on Wednesday, hitting $13.21. 403,003 shares of the company's stock traded hands, compared to its average volume of 330,047. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month high of $16.36. The stock has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $14.10. The company has a market cap of $1.24 billion, a PE ratio of 8.47 and a beta of 1.49.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.51%. MidCap Financial Investment's dividend payout ratio (DPR) is presently 97.44%.

MidCap Financial Investment Company 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.