Nomura Asset Management Co. Ltd. lifted its position in shares of MidCap Financial Investment Co. (NASDAQ:MFIC – Free Report) by 71.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,935 shares of the company’s stock after buying an additional 809 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in MidCap Financial Investment were worth $26,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its holdings in MidCap Financial Investment by 49.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock valued at $30,079,000 after purchasing an additional 755,436 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in MidCap Financial Investment in the third quarter valued at about $4,172,000. International Assets Investment Management LLC grew its stake in MidCap Financial Investment by 1,208.0% during the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock valued at $3,772,000 after purchasing an additional 260,137 shares in the last quarter. Advisors Asset Management Inc. increased its holdings 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 purchasing an additional 258,940 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of 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 purchasing an additional 192,731 shares in the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.
MidCap Financial Investment Stock Up 0.3 %
Shares of MidCap Financial Investment stock opened at $13.71 on Monday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.79 and a beta of 1.49. The business’s 50 day simple moving average is $13.63 and its 200-day simple moving average is $14.14. 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 twelve month low of $12.26 and a twelve month high of $16.36.
MidCap Financial Investment Announces Dividend
Analysts Set New Price Targets
MFIC has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued 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 decreased their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.71.
Read Our Latest Report on MFIC
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.
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