HighTower Advisors LLC Purchases 30,262 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

HighTower Advisors LLC raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 49.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,887 shares of the company’s stock after buying an additional 30,262 shares during the quarter. HighTower Advisors LLC owned about 0.10% of MidCap Financial Investment worth $1,230,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in MidCap Financial Investment in the 2nd quarter valued at about $81,000. Westchester Capital Management LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at approximately $103,000. HB Wealth Management LLC bought a new stake in shares of MidCap Financial Investment during the 2nd quarter valued at approximately $153,000. Essex Financial Services Inc. bought a new stake in shares of MidCap Financial Investment during the 2nd quarter valued at approximately $154,000. Finally, ProShare Advisors LLC bought a new stake in shares of MidCap Financial Investment during the 2nd quarter valued at approximately $159,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Down 1.4 %

Shares of NASDAQ MFIC opened at $13.52 on Tuesday. The company has a market capitalization of $1.27 billion, a P/E ratio of 8.67 and a beta of 1.49. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.36. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company’s 50 day moving average price is $13.64 and its 200-day moving average price is $14.13.

MidCap Financial Investment Announces Dividend

The firm also recently declared 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 11.24%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased 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 report on Tuesday, October 29th. 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.71.

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.