Jane Street Group LLC Purchases Shares of 35,033 MidCap Financial Investment Co. (NASDAQ:MFIC)

Jane Street Group LLC acquired a new position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,033 shares of the company’s stock, valued at approximately $469,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MFIC. Brown Brothers Harriman & Co. acquired a new position in MidCap Financial Investment during the second quarter worth approximately $81,000. Westchester Capital Management LLC bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $103,000. ProShare Advisors LLC acquired a new position in shares of MidCap Financial Investment during the 2nd quarter worth approximately $159,000. Sovereign Financial Group Inc. bought a new stake in MidCap Financial Investment in the 3rd quarter valued at $162,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in MidCap Financial Investment during the 2nd quarter valued at $162,000. 28.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company lowered 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.71.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $13.39 on Tuesday. The firm has a 50-day moving average price of $13.68 and a two-hundred day moving average price of $13.92. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The company has a market capitalization of $1.26 billion, a P/E ratio of 8.58 and a beta of 1.48. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is currently 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.