Dynamic Technology Lab Private Ltd Acquires Shares of 22,939 MidCap Financial Investment Co. (NASDAQ:MFIC)

Dynamic Technology Lab Private Ltd bought a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,939 shares of the company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new stake in MidCap Financial Investment in the 2nd quarter valued at $81,000. Accel Wealth Management bought a new stake in shares of MidCap Financial Investment in the second quarter worth about $151,000. HB Wealth Management LLC purchased a new stake in shares of MidCap Financial Investment in the second quarter worth about $153,000. Essex Financial Services Inc. bought a new position in MidCap Financial Investment during the second quarter valued at approximately $154,000. Finally, ProShare Advisors LLC purchased a new position in MidCap Financial Investment during the 2nd quarter valued at approximately $159,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Up 0.9 %

NASDAQ MFIC opened at $14.17 on Monday. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.08 and a beta of 1.50. 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 fifty day moving average of $13.52 and a two-hundred day moving average of $14.25.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 10.73%. MidCap Financial Investment’s payout ratio is 97.44%.

Analyst Upgrades and Downgrades

MFIC has been the subject of a number of research reports. Royal Bank of Canada reiterated 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. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Monday, August 5th. Finally, Wells Fargo & Company dropped their price objective 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average price target of $14.71.

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.