OneDigital Investment Advisors LLC Invests $428,000 in MidCap Financial Investment Co. (NASDAQ:MFIC)

OneDigital Investment Advisors LLC bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,939 shares of the company’s stock, valued at approximately $428,000.

Other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in MidCap Financial Investment during the 2nd quarter worth about $81,000. Accel Wealth Management acquired a new position in MidCap Financial Investment in the second quarter valued at approximately $151,000. 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 stake in MidCap Financial Investment during the second quarter worth approximately $154,000. Finally, ProShare Advisors LLC purchased a new stake in shares of MidCap Financial Investment during the 2nd 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 subject of a number of research reports. Compass Point upgraded MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upgraded shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Monday, August 5th. Wells Fargo & Company lowered their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $13.77 on Thursday. 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 52-week low of $12.26 and a 52-week high of $16.36. The company has a 50-day simple moving average of $13.46 and a 200-day simple moving average of $14.34. The company has a market capitalization of $1.29 billion, a PE ratio of 8.83 and a beta of 1.50.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.04%. MidCap Financial Investment’s payout ratio is 97.44%.

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.