Anchor Investment Management LLC Makes New Investment in MidCap Financial Investment Co. (NASDAQ:MFIC)

Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,577 shares of the company’s stock, valued at approximately $35,000.

Several other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in MidCap Financial Investment during the first quarter valued at $161,000. Hennion & Walsh Asset Management Inc. grew its position in shares of MidCap Financial Investment by 19.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock valued at $3,984,000 after acquiring an additional 42,723 shares during the period. HB Wealth Management LLC purchased a new position in shares of MidCap Financial Investment in the 2nd quarter valued at about $153,000. Van ECK Associates Corp raised its holdings in MidCap Financial Investment by 17.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,514,663 shares of the company’s stock worth $22,932,000 after purchasing an additional 226,313 shares during the period. Finally, Graypoint LLC boosted its position in MidCap Financial Investment by 2.5% during the second quarter. Graypoint LLC now owns 164,185 shares of the company’s stock worth $2,486,000 after purchasing an additional 4,012 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Up 0.3 %

Shares of MFIC opened at $13.71 on Friday. The stock has a 50 day moving average price of $13.63 and a 200 day moving average price of $14.15. MidCap Financial Investment Co. has a one year low of $12.26 and a one year 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 stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.79 and a beta of 1.49.

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.09%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s payout ratio is 97.44%.

Analyst Ratings Changes

A number of analysts have recently commented on MFIC shares. Wells Fargo & Company cut their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.