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

Strategic Financial Concepts LLC bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 44,962 shares of the company’s stock, valued at approximately $607,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its stake in MidCap Financial Investment by 33.4% in the second quarter. Truist Financial Corp now owns 28,771 shares of the company’s stock valued at $436,000 after acquiring an additional 7,200 shares during the period. Creative Planning increased its stake in MidCap Financial Investment by 18.3% during the 3rd quarter. Creative Planning now owns 12,603 shares of the company’s stock valued at $169,000 after purchasing an additional 1,950 shares in the last quarter. Nottingham Advisors Inc. acquired a new position in MidCap Financial Investment during the third quarter worth $191,000. Redmont Wealth Advisors LLC bought a new position in shares of MidCap Financial Investment in the third quarter valued at $175,000. Finally, Capital Investment Advisors LLC acquired a new position in shares of MidCap Financial Investment during the third quarter valued at about $1,148,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock opened at $14.22 on Wednesday. The stock has a market cap of $1.33 billion, a P/E ratio of 9.12 and a beta of 1.48. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average price is $13.66 and its two-hundred day moving average price is $13.62. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36.

Analyst Ratings Changes

MFIC has been the topic of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company raised their target price on MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.