Van ECK Associates Corp Grows Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Van ECK Associates Corp grew its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,372,505 shares of the company’s stock after acquiring an additional 102,406 shares during the period. Van ECK Associates Corp’s holdings in MidCap Financial Investment were worth $32,005,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in MidCap Financial Investment by 273.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock worth $1,897,000 after purchasing an additional 103,741 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at approximately $692,000. Barclays PLC raised 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 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 during the period. 28.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MFIC has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company lifted 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 report 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.86.

MidCap Financial Investment Stock Up 0.3 %

Shares of NASDAQ MFIC opened at $14.49 on Friday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 9.29 and a beta of 1.48. 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 Co. has a 52-week low of $12.26 and a 52-week high of $16.36. The business’s 50 day moving average is $13.67 and its two-hundred day moving average is $13.63.

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.