Principal Securities Inc. Has $363,000 Stock Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Principal Securities Inc. increased its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,927 shares of the company’s stock after acquiring an additional 5,362 shares during the quarter. Principal Securities Inc.’s holdings in MidCap Financial Investment were worth $363,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its stake in MidCap Financial Investment by 4.5% in the fourth 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 during the period. Global Wealth Management Investment Advisory Inc. lifted its stake in MidCap Financial Investment by 13.1% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 79,172 shares of the company’s stock valued at $1,068,000 after buying an additional 9,179 shares during the period. Stephens Inc. AR lifted its stake in MidCap Financial Investment by 1.2% in the fourth quarter. Stephens Inc. AR now owns 84,491 shares of the company’s stock valued at $1,140,000 after buying an additional 1,000 shares during the period. Entropy Technologies LP acquired a new position in MidCap Financial Investment in the fourth quarter valued at about $155,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in MidCap Financial Investment by 4.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,199 shares of the company’s stock valued at $2,539,000 after buying an additional 7,443 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Trading Down 0.6 %

NASDAQ MFIC opened at $14.60 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market cap of $1.37 billion, a P/E ratio of 9.36 and a beta of 1.48. MidCap Financial Investment Co. has a one year low of $12.26 and a one year high of $16.36. The stock’s 50-day moving average is $13.77 and its 200-day moving average is $13.66.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. 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 research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.