Janney Montgomery Scott LLC Lowers Stake in MidCap Financial Investment Co. (NASDAQ:MFIC)

Janney Montgomery Scott LLC decreased its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 62,104 shares of the company’s stock after selling 1,187 shares during the period. Janney Montgomery Scott LLC’s holdings in MidCap Financial Investment were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MFIC. Nomura Asset Management Co. Ltd. raised its holdings in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after acquiring an additional 809 shares during the last quarter. Anchor Investment Management LLC acquired a new position in MidCap Financial Investment in the third quarter valued at $35,000. Westchester Capital Management LLC purchased a new position in MidCap Financial Investment during the third quarter worth about $103,000. Sovereign Financial Group Inc. acquired a new stake in MidCap Financial Investment in the 3rd quarter worth about $162,000. Finally, Creative Planning boosted its stake 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 buying an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MFIC. Royal Bank of Canada reiterated 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 increased their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, MidCap Financial Investment has an average rating of “Moderate Buy” and a consensus target price of $14.86.

MidCap Financial Investment Stock Up 0.4 %

MFIC opened at $14.06 on Friday. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.36. The firm has a 50 day moving average price of $13.67 and a 200 day moving average price of $13.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company has a market cap of $1.32 billion, a PE ratio of 9.01 and a beta of 1.48.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $82.14 million during the quarter, compared to analyst estimates of $82.68 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. During the same quarter in the prior year, the business earned $0.43 earnings per share. Sell-side analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

About MidCap Financial Investment

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.