MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR raised its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,491 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Stephens Inc. AR owned 0.09% of MidCap Financial Investment worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of MidCap Financial Investment in the 3rd quarter worth about $35,000. Westchester Capital Management LLC bought a new stake in MidCap Financial Investment in the 3rd quarter valued at about $103,000. Entropy Technologies LP acquired a new position in MidCap Financial Investment during the 4th quarter valued at about $155,000. Finally, Creative Planning grew its position in MidCap Financial Investment by 18.3% in the 3rd quarter. Creative Planning now owns 12,603 shares of the company’s stock worth $169,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated 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 note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Stock Up 0.8 %

MFIC stock opened at $14.33 on Thursday. The firm has a market cap of $1.34 billion, a PE ratio of 9.19 and a beta of 1.48. 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 50 day simple moving average of $13.66 and a 200 day simple moving average of $13.62.

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.