Strategic Financial Concepts LLC Purchases New Shares in MidCap Financial Investment Co. (NASDAQ:MFIC)

Strategic Financial Concepts LLC acquired a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 44,962 shares of the company's stock, valued at approximately $607,000.

Several other institutional investors have also added to or reduced their stakes in MFIC. Van ECK Associates Corp grew its position in MidCap Financial Investment by 49.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company's stock worth $30,079,000 after purchasing an additional 755,436 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of MidCap Financial Investment in the 3rd quarter worth $4,172,000. International Assets Investment Management LLC grew its holdings in shares of MidCap Financial Investment by 1,208.0% in the third quarter. International Assets Investment Management LLC now owns 281,672 shares of the company's stock worth $3,772,000 after acquiring an additional 260,137 shares during the period. Advisors Asset Management Inc. increased its position in MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company's stock valued at $5,952,000 after acquiring an additional 258,940 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in MidCap Financial Investment by 403.7% in the third quarter. Stifel Financial Corp now owns 240,478 shares of the company's stock valued at $3,220,000 after acquiring an additional 192,731 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC traded up $0.11 during mid-day trading on Wednesday, reaching $14.33. The company's stock had a trading volume of 278,603 shares, compared to its average volume of 322,543. The stock has a fifty day moving average of $13.66 and a two-hundred day moving average of $13.62. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36. The firm has a market capitalization of $1.34 billion, a PE ratio of 9.19 and a beta of 1.48.

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.