Sigma Planning Corp Boosts Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Sigma Planning Corp raised its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,438 shares of the company’s stock after buying an additional 2,633 shares during the period. Sigma Planning Corp owned about 0.06% of MidCap Financial Investment worth $815,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock valued at $32,005,000 after buying an additional 102,406 shares in the last quarter. Advisors Asset Management Inc. raised its stake in MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after acquiring an additional 258,940 shares during the period. Foundations Investment Advisors LLC lifted its holdings in MidCap Financial Investment by 28.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company’s stock valued at $5,396,000 after purchasing an additional 88,468 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after purchasing an additional 93,972 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of MidCap Financial Investment by 11.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock worth $4,811,000 after purchasing an additional 35,341 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Down 1.7 %

Shares of MFIC stock opened at $14.27 on Wednesday. The company’s fifty day simple moving average is $13.80 and its two-hundred day simple moving average is $13.69. MidCap Financial Investment Co. has a 52 week low of $12.26 and a 52 week high of $16.36. The stock has a market cap of $1.34 billion, a P/E ratio of 9.14 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 (NASDAQ:MFIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

MFIC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price 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. Royal Bank of Canada restated a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.86.

MidCap Financial Investment 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.