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

Tyche Wealth Partners LLC raised its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 61.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,228 shares of the company’s stock after purchasing an additional 13,000 shares during the quarter. Tyche Wealth Partners LLC’s holdings in MidCap Financial Investment were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MFIC. Nomura Asset Management Co. Ltd. raised 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 valued at $26,000 after acquiring an additional 809 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in MidCap Financial Investment by 4.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock valued at $294,000 after acquiring an additional 837 shares during the period. Muzinich & Co. Inc. raised its holdings in MidCap Financial Investment by 0.5% in the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock valued at $2,499,000 after acquiring an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in MidCap Financial Investment by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after acquiring an additional 946 shares during the period. Finally, Creative Planning raised its holdings in MidCap Financial Investment by 18.3% in the 3rd quarter. Creative Planning now owns 12,603 shares of the company’s stock valued at $169,000 after acquiring an additional 1,950 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada reissued 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 raised their target price 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $14.06 on Friday. The company’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $13.65. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.01 and a beta of 1.48. 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 Co. has a 1 year low of $12.26 and a 1 year high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $82.14 million for the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.43 earnings per share. As a group, research analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

About MidCap Financial Investment

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.