MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its holdings in MidCap Financial Investment Co. (NASDAQ:MFIC) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,172 shares of the company’s stock after purchasing an additional 9,179 shares during the period. Global Wealth Management Investment Advisory Inc. owned about 0.08% of MidCap Financial Investment worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its holdings in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares during the last quarter. Anchor Investment Management LLC purchased a new position in MidCap Financial Investment during the third quarter worth approximately $35,000. Westchester Capital Management LLC acquired a new position in MidCap Financial Investment during the third quarter worth $103,000. Entropy Technologies LP purchased a new stake in MidCap Financial Investment in the 4th quarter valued at $155,000. Finally, Creative Planning increased its stake in shares of MidCap Financial Investment by 18.3% in the 3rd quarter. Creative Planning now owns 12,603 shares of the company’s stock worth $169,000 after acquiring an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $14.06 on Monday. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.01 and a beta of 1.48. The business’s 50 day simple moving average is $13.66 and its 200-day simple moving average is $13.63. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on MFIC. Wells Fargo & Company boosted their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, 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.