Van ECK Associates Corp Has $32.01 Million Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Van ECK Associates Corp grew its position in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,372,505 shares of the company's stock after purchasing an additional 102,406 shares during the quarter. Van ECK Associates Corp owned approximately 2.53% of MidCap Financial Investment worth $32,005,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position in MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after acquiring an additional 809 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in MidCap Financial Investment by 4.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company's stock worth $294,000 after acquiring an additional 837 shares during the period. Muzinich & Co. Inc. increased its position in MidCap Financial Investment by 0.5% during the third quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company's stock worth $2,499,000 after acquiring an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in MidCap Financial Investment by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company's stock worth $2,420,000 after acquiring an additional 946 shares during the period. Finally, Stephens Inc. AR increased its position in MidCap Financial Investment by 1.2% during the fourth quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC traded up $0.09 on Tuesday, hitting $14.58. The stock had a trading volume of 138,104 shares, compared to its average volume of 310,832. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month 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 firm's 50 day moving average price is $13.69 and its 200-day moving average price is $13.63. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.33 and a beta of 1.48.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MFIC shares. Royal Bank of Canada reaffirmed 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. Wells Fargo & Company boosted their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.86.

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.