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

Whipplewood Advisors LLC acquired a new stake in MidCap Financial Investment Co. (NASDAQ:MFIC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 68,753 shares of the company’s stock, valued at approximately $927,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after purchasing an additional 809 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in MidCap Financial Investment in the 3rd quarter worth approximately $35,000. Allworth Financial LP grew its position in shares of MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after buying an additional 1,699 shares during the last quarter. Westchester Capital Management LLC purchased a new position in shares of MidCap Financial Investment during the third quarter valued at approximately $103,000. Finally, Entropy Technologies LP bought a new position in shares of MidCap Financial Investment during the fourth quarter valued at approximately $155,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock opened at $13.75 on Thursday. The business has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $13.69. The firm has a market capitalization of $1.29 billion, a P/E ratio of 8.81 and a beta of 1.48. 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 12 month low of $12.26 and a 12 month high of $16.36.

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

Wall Street Analysts Forecast Growth

MFIC has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.