MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,104 shares of the company’s stock after selling 1,187 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of MidCap Financial Investment worth $838,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings 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 valued at $30,079,000 after buying an additional 755,436 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of MidCap Financial Investment during the 3rd quarter worth approximately $4,172,000. International Assets Investment Management LLC boosted its stake 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 valued at $3,772,000 after acquiring an additional 260,137 shares in the last quarter. Advisors Asset Management Inc. grew 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 buying an additional 258,940 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of MidCap Financial Investment by 403.7% during the third quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after acquiring an additional 192,731 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on MidCap Financial Investment from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.86.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC opened at $14.06 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.36. The firm has a market capitalization of $1.32 billion, a P/E ratio of 9.01 and a beta of 1.48. The company’s fifty day moving average is $13.67 and its two-hundred day moving average is $13.65.

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