Advisors Asset Management Inc. Trims Position in MidCap Financial Investment Corporation $MFIC

Advisors Asset Management Inc. lessened its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 289,415 shares of the company’s stock after selling 72,976 shares during the period. Advisors Asset Management Inc. owned about 0.31% of MidCap Financial Investment worth $3,470,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Next Capital Management LLC grew its stake in shares of MidCap Financial Investment by 84.9% during the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock valued at $16,086,000 after acquiring an additional 616,184 shares during the period. North Ground Capital purchased a new position in MidCap Financial Investment during the third quarter valued at approximately $2,998,000. Muzinich & Co. Inc. boosted its position in shares of MidCap Financial Investment by 42.4% in the third quarter. Muzinich & Co. Inc. now owns 571,520 shares of the company’s stock worth $6,853,000 after purchasing an additional 170,127 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of MidCap Financial Investment by 50.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 503,351 shares of the company’s stock worth $6,035,000 after purchasing an additional 168,357 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of MidCap Financial Investment by 18.3% during the 2nd quarter. Franklin Resources Inc. now owns 772,538 shares of the company’s stock valued at $9,749,000 after purchasing an additional 119,343 shares during the period. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Price Performance

NASDAQ MFIC opened at $11.11 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 10.48 and a beta of 0.77. 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’s 50 day moving average price is $11.47 and its 200-day moving average price is $12.01. MidCap Financial Investment Corporation has a 52-week low of $10.18 and a 52-week high of $14.74.

Analyst Ratings Changes

MFIC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. JPMorgan Chase & Co. cut their price objective on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company reiterated an “equal weight” rating and issued 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 raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Compass Point reiterated 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MidCap Financial Investment currently 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.