Allspring Global Investments Holdings LLC Decreases Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Allspring Global Investments Holdings LLC reduced its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,979,089 shares of the company's stock after selling 177,754 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.11% of MidCap Financial Investment worth $26,916,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of MidCap Financial Investment by 49.9% during the third quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company's stock worth $30,079,000 after buying an additional 755,436 shares during the period. Foundations Investment Advisors LLC acquired a new stake in MidCap Financial Investment during the 3rd quarter worth approximately $4,172,000. International Assets Investment Management LLC grew its stake in shares of MidCap Financial Investment by 1,208.0% in the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company's stock valued at $3,772,000 after purchasing an additional 260,137 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of MidCap Financial Investment by 139.5% in the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company's stock valued at $5,952,000 after purchasing an additional 258,940 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of MidCap Financial Investment by 403.7% during the third quarter. Stifel Financial Corp now owns 240,478 shares of the company's stock worth $3,220,000 after purchasing an additional 192,731 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.86.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock traded up $0.09 during midday trading on Wednesday, reaching $14.72. The company's stock had a trading volume of 186,613 shares, compared to its average volume of 311,537. The firm has a market capitalization of $1.38 billion, a PE ratio of 9.43 and a beta of 1.48. MidCap Financial Investment Co. has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The stock's 50 day simple moving average is $13.71 and its 200 day simple moving average is $13.64. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51.

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.