Creative Planning Has $169,000 Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Creative Planning grew its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 18.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,603 shares of the company’s stock after purchasing an additional 1,950 shares during the period. Creative Planning’s holdings in MidCap Financial Investment were worth $169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Sovereign Financial Group Inc. acquired a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $162,000. Capital Market Strategies LLC acquired a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $245,000. Truist Financial Corp grew its position in shares of MidCap Financial Investment by 33.4% during the 2nd quarter. Truist Financial Corp now owns 28,771 shares of the company’s stock worth $436,000 after purchasing an additional 7,200 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of MidCap Financial Investment during the 2nd quarter worth approximately $159,000. Finally, Sei Investments Co. lifted its holdings in shares of MidCap Financial Investment by 19.1% during the 2nd quarter. Sei Investments Co. now owns 45,806 shares of the company’s stock worth $694,000 after acquiring an additional 7,353 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MFIC. 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 for the company in a report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $13.65 on Tuesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.75 and a beta of 1.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 3.02. The firm has a 50 day simple moving average of $13.48 and a 200 day simple moving average of $14.41. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.36.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.14%. The ex-dividend date of this dividend is Tuesday, December 10th. MidCap Financial Investment’s 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.