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

Strategic Financial Concepts LLC acquired a new position in MidCap Financial Investment Co. (NASDAQ:MFIC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its holdings in shares of MidCap Financial Investment by 269.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company’s stock worth $847,000 after purchasing an additional 46,176 shares during the period. JPMorgan Chase & Co. raised its stake in shares of MidCap Financial Investment by 273.7% in the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after buying an additional 103,741 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of MidCap Financial Investment in the third quarter valued at $692,000. Barclays PLC lifted its position in shares of MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after buying an additional 123,569 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake 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 worth $5,116,000 after acquiring an additional 93,972 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Trading Up 0.7 %

Shares of MidCap Financial Investment stock opened at $14.22 on Wednesday. The company’s 50-day moving average price is $13.66 and its 200-day moving average price is $13.62. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.12 and a beta of 1.48.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company upped their price target 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, MidCap Financial Investment has an average rating of “Moderate Buy” and a consensus 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.