Strategic Financial Concepts LLC Takes $607,000 Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Strategic Financial Concepts LLC acquired a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 44,962 shares of the company's stock, valued at approximately $607,000.

A number of other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company's stock valued at $32,005,000 after buying an additional 102,406 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in MidCap Financial Investment by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company's stock worth $28,880,000 after purchasing an additional 10,669 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company's stock worth $5,952,000 after purchasing an additional 258,940 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in MidCap Financial Investment by 28.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company's stock worth $5,396,000 after purchasing an additional 88,468 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in MidCap Financial Investment by 32.4% during the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock worth $5,116,000 after purchasing an additional 93,972 shares during the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock traded down $0.09 during mid-day trading on Friday, reaching $14.60. 313,277 shares of the company were exchanged, compared to its average volume of 286,989. The company has a fifty day simple moving average of $13.75 and a 200-day simple moving average of $13.65. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market cap of $1.37 billion, a PE ratio of 9.36 and a beta of 1.48.

Analysts Set New Price Targets

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

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.