MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Purchased by United Advisor Group LLC

United Advisor Group LLC raised its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) by 24.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,231 shares of the company's stock after acquiring an additional 47,556 shares during the quarter. United Advisor Group LLC owned approximately 0.37% of MidCap Financial Investment worth $3,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of MidCap Financial Investment in the second quarter valued at approximately $81,000. Accel Wealth Management acquired a new stake in shares of MidCap Financial Investment in the 2nd quarter worth $151,000. HB Wealth Management LLC acquired a new position in shares of MidCap Financial Investment during the 2nd quarter valued at about $153,000. Essex Financial Services Inc. purchased a new stake in shares of MidCap Financial Investment in the second quarter valued at about $154,000. Finally, ProShare Advisors LLC acquired a new stake in MidCap Financial Investment during the second quarter worth about $159,000. Hedge funds and other institutional investors own 28.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MFIC shares. JPMorgan Chase & Co. dropped 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 research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded 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 research report on Monday, August 5th. Wells Fargo & Company decreased their price objective 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. Finally, Compass Point upgraded shares of MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 target price for the company in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.86.

MidCap Financial Investment Stock Up 0.5 %

MFIC traded up $0.07 during trading hours on Tuesday, hitting $13.21. 302,883 shares of the company's stock were exchanged, compared to its average volume of 320,248. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The firm has a market cap of $1.24 billion, a P/E ratio of 7.68 and a beta of 1.50. The firm has a 50 day moving average of $13.51 and a 200 day moving average of $14.46.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million for the quarter, compared to analyst estimates of $68.02 million. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. During the same period in the prior year, the firm earned $0.44 earnings per share. Analysts predict that MidCap Financial Investment Co. will post 1.72 EPS for the current fiscal year.

MidCap Financial Investment 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.