Advisors Asset Management Inc. Reduces Holdings in MidCap Financial Investment Corporation $MFIC

Advisors Asset Management Inc. trimmed its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 20.1% during the third quarter, HoldingsChannel reports. The firm owned 289,415 shares of the company’s stock after selling 72,976 shares during the period. Advisors Asset Management Inc.’s holdings in MidCap Financial Investment were worth $3,470,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MFIC. Physician Wealth Advisors Inc. acquired a new position in MidCap Financial Investment in the third quarter valued at approximately $42,000. Financial Consulate Inc. purchased a new stake in shares of MidCap Financial Investment during the third quarter worth approximately $46,000. State of Alaska Department of Revenue acquired a new stake in shares of MidCap Financial Investment in the 3rd quarter valued at $46,000. Access Investment Management LLC acquired a new stake in shares of MidCap Financial Investment in the second quarter valued at approximately $50,000. Finally, Transce3nd LLC lifted its position in MidCap Financial Investment by 269.7% during the 2nd quarter. Transce3nd LLC now owns 5,439 shares of the company’s stock worth $69,000 after acquiring an additional 3,968 shares during the period. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $11.11 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.48 and a beta of 0.77. The company has a 50 day moving average price of $11.47 and a 200 day moving average price of $12.01. MidCap Financial Investment Corporation has a one year low of $10.18 and a one year high of $14.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Keefe, Bruyette & Woods reduced their target price on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Wells Fargo & Company restated an “equal weight” rating and set a $11.00 target price (down from $13.00) on shares of MidCap Financial Investment in a research report on Wednesday, January 7th. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Compass Point restated a “neutral” rating and set a $12.25 target price (down from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, MidCap Financial Investment has an average rating of “Hold” and a consensus target price of $12.75.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.