Denali Advisors LLC Has $1.09 Million Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Denali Advisors LLC cut its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 19.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 80,903 shares of the company’s stock after selling 19,496 shares during the quarter. Denali Advisors LLC’s holdings in MidCap Financial Investment were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 49.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after acquiring an additional 755,436 shares during the period. International Assets Investment Management LLC lifted its position in MidCap Financial Investment by 1,208.0% in the third quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock worth $3,772,000 after purchasing an additional 260,137 shares during the period. Advisors Asset Management Inc. boosted its stake in MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after buying an additional 258,940 shares in the last quarter. Stifel Financial Corp increased its holdings in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock valued at $3,220,000 after buying an additional 192,731 shares during the period. Finally, Barclays PLC raised its stake in shares of MidCap Financial Investment by 190,106.2% in 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 in the last quarter. 28.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MFIC shares. 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 report on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.86.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock opened at $13.75 on Thursday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.81 and a beta of 1.48. The firm’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.69. 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 1-year low of $12.26 and a 1-year high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly 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%. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. On average, equities analysts predict that MidCap Financial Investment Co. will post 1.73 earnings per share for the current fiscal 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.