47,822 Shares in MidCap Financial Investment Co. (NASDAQ:MFIC) Purchased by Sigma Planning Corp

Posted by Defense World Staff on Aug 12th, 2023

Sigma Planning Corp acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 47,822 shares of the company’s stock, valued at approximately $545,000. Sigma Planning Corp owned approximately 0.07% of MidCap Financial Investment at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. purchased a new stake in shares of MidCap Financial Investment in the first quarter valued at about $25,000. Parkside Financial Bank & Trust purchased a new position in shares of MidCap Financial Investment during the first quarter valued at approximately $41,000. Baldwin Brothers LLC MA purchased a new position in shares of MidCap Financial Investment during the first quarter valued at approximately $95,000. Sequoia Financial Advisors LLC purchased a new position in shares of MidCap Financial Investment during the first quarter valued at approximately $120,000. Finally, Silver Oak Securities Incorporated purchased a new position in shares of MidCap Financial Investment during the first quarter valued at approximately $160,000. Hedge funds and other institutional investors own 28.58% of the company’s stock.

Analyst Ratings Changes

MFIC has been the subject of several research analyst reports. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $14.75 price target for the company in a research report on Monday, August 7th. Royal Bank of Canada upped their price target on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.31.

View Our Latest Analysis on MFIC

MidCap Financial Investment Price Performance

MidCap Financial Investment stock opened at $13.63 on Friday. MidCap Financial Investment Co. has a 52-week low of $10.06 and a 52-week high of $14.03. The firm has a fifty day moving average of $12.85 and a 200-day moving average of $12.09. The firm has a market capitalization of $889.36 million, a P/E ratio of 12.17 and a beta of 1.58. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 1.49.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Tuesday, September 12th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 11.15%. The ex-dividend date of this dividend is Monday, September 11th. MidCap Financial Investment’s payout ratio is currently 135.71%.

MidCap Financial Investment Company Profile

(Free Report)

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.