D.A. Davidson & CO. Purchases 10,100 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

D.A. Davidson & CO. raised its position in MidCap Financial Investment Co. (NASDAQ:MFIC) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,481 shares of the company’s stock after purchasing an additional 10,100 shares during the period. D.A. Davidson & CO. owned 0.32% of MidCap Financial Investment worth $4,027,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MFIC. Royal Bank of Canada restated a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $14.69 on Friday. The stock has a market cap of $1.38 billion, a PE ratio of 9.42 and a beta of 1.48. The company’s fifty day moving average is $13.73 and its 200 day moving average is $13.64. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25.

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.