Private Advisor Group LLC Makes New $270,000 Investment in MidCap Financial Investment Co. (NASDAQ:MFIC)

Private Advisor Group LLC bought a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) during the third quarter, HoldingsChannel.com reports. The fund bought 20,170 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MFIC. SG Americas Securities LLC purchased a new position in MidCap Financial Investment in the 1st quarter worth approximately $532,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of MidCap Financial Investment by 19.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock worth $3,984,000 after purchasing an additional 42,723 shares in the last quarter. MQS Management LLC purchased a new position in shares of MidCap Financial Investment in the second quarter valued at $575,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in MidCap Financial Investment by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock valued at $2,739,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Condor Capital Management increased its stake in MidCap Financial Investment by 16.3% during the 2nd quarter. Condor Capital Management now owns 306,024 shares of the company’s stock worth $4,633,000 after buying an additional 42,939 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $13.65 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.98 and a beta of 1.50. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.36. The company’s 50-day simple moving average is $13.49 and its 200-day simple moving average is $14.44. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.02 and a current ratio of 3.02.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $69.16 million for the quarter, compared to the consensus estimate of $68.02 million. MidCap Financial Investment had a return on equity of 11.54% and a net margin of 40.08%. During the same quarter last year, the business posted $0.44 EPS. Equities analysts anticipate that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MFIC shares. Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, 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.