Whipplewood Advisors LLC Buys Shares of 68,753 MidCap Financial Investment Co. (NASDAQ:MFIC)

Whipplewood Advisors LLC purchased a new stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 68,753 shares of the company’s stock, valued at approximately $927,000. Whipplewood Advisors LLC owned 0.07% of MidCap Financial Investment as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in MidCap Financial Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock worth $32,005,000 after acquiring an additional 102,406 shares during the period. Advisors Asset Management Inc. grew its position in shares of MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after purchasing an additional 258,940 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of MidCap Financial Investment by 28.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 400,034 shares of the company’s stock worth $5,396,000 after purchasing an additional 88,468 shares during the period. Franklin Resources Inc. raised its position in shares of MidCap Financial Investment by 32.4% in the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after buying an additional 93,972 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in MidCap Financial Investment by 11.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock valued at $4,811,000 after buying an additional 35,341 shares during the period. 28.45% of the stock is owned by hedge funds and other institutional investors.

MidCap Financial Investment Trading Down 3.5 %

Shares of MFIC stock opened at $13.75 on Thursday. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.29 billion, a P/E ratio of 8.81 and a beta of 1.48. The business has a 50-day moving average price of $13.82 and a two-hundred day moving average price of $13.69. MidCap Financial Investment Co. has a 12-month low of $12.26 and a 12-month high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $82.16 million during the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Equities analysts anticipate that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

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

MidCap Financial Investment Company 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.