Tyche Wealth Partners LLC Has $462,000 Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Tyche Wealth Partners LLC raised its stake in MidCap Financial Investment Co. (NASDAQ:MFIC) by 61.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,228 shares of the company’s stock after buying an additional 13,000 shares during the period. Tyche Wealth Partners LLC’s holdings in MidCap Financial Investment were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of MidCap Financial Investment by 49.9% during the third quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after purchasing an additional 755,436 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of MidCap Financial Investment during the third quarter worth $4,172,000. International Assets Investment Management LLC lifted its holdings in shares of MidCap Financial Investment by 1,208.0% during the third quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock worth $3,772,000 after purchasing an additional 260,137 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of MidCap Financial Investment by 403.7% during the third quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after purchasing an additional 192,731 shares during the period. 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 Friday. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month high of $16.36. The firm has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $13.65. The company has a market capitalization of $1.32 billion, a PE ratio of 9.01 and a beta of 1.48. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MFIC. Wells Fargo & Company lifted their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average target price of $14.86.

MidCap Financial Investment 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.