Garner Asset Management Corp Grows Stake in MidCap Financial Investment Corporation $MFIC

Garner Asset Management Corp raised its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 52.5% in the third quarter, HoldingsChannel reports. The firm owned 170,273 shares of the company’s stock after acquiring an additional 58,642 shares during the period. Garner Asset Management Corp’s holdings in MidCap Financial Investment were worth $2,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. bought a new stake in shares of MidCap Financial Investment in the third quarter valued at about $42,000. Financial Consulate Inc. purchased a new position in MidCap Financial Investment during the 3rd quarter valued at about $46,000. State of Alaska Department of Revenue purchased a new position in MidCap Financial Investment during the 3rd quarter valued at about $46,000. Access Investment Management LLC bought a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at about $50,000. Finally, Transce3nd LLC lifted its position in shares of MidCap Financial Investment by 269.7% in the 2nd quarter. Transce3nd LLC now owns 5,439 shares of the company’s stock worth $69,000 after purchasing an additional 3,968 shares during the period. Institutional investors own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MFIC. Wells Fargo & Company reiterated an “equal weight” rating and issued a $11.00 price target (down from $13.00) on shares of MidCap Financial Investment in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Finally, Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment presently has a consensus rating of “Hold” and a consensus target price of $12.75.

MidCap Financial Investment Stock Performance

MFIC opened at $11.14 on Friday. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $14.72. The firm has a 50 day moving average of $11.39 and a two-hundred day moving average of $11.96. The firm has a market capitalization of $1.04 billion, a PE ratio of 10.51 and a beta of 0.77.

About MidCap Financial Investment

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.