LPL Financial LLC Grows Stock Position in MidCap Financial Investment Corporation (NASDAQ:MFIC)

LPL Financial LLC lifted its stake in MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,137 shares of the company's stock after acquiring an additional 138,454 shares during the period. LPL Financial LLC owned 0.60% of MidCap Financial Investment worth $7,229,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new position in shares of MidCap Financial Investment in the 4th quarter worth $16,771,000. Legal & General Group Plc grew its stake in MidCap Financial Investment by 30.6% during the 4th quarter. Legal & General Group Plc now owns 620,824 shares of the company's stock worth $8,372,000 after buying an additional 145,402 shares during the last quarter. Ares Management LLC grew its stake in MidCap Financial Investment by 55.5% during the 4th quarter. Ares Management LLC now owns 482,032 shares of the company's stock worth $6,503,000 after buying an additional 172,032 shares during the last quarter. Ameriprise Financial Inc. grew its stake in MidCap Financial Investment by 23.4% during the 4th quarter. Ameriprise Financial Inc. now owns 320,415 shares of the company's stock worth $4,322,000 after buying an additional 60,759 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in MidCap Financial Investment by 4.8% during the 1st quarter. D.A. Davidson & CO. now owns 312,923 shares of the company's stock worth $4,024,000 after buying an additional 14,442 shares during the last quarter. 28.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MFIC shares. Wells Fargo & Company dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Truist Financial dropped their target price on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods downgraded MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price target on the stock. in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment has a consensus rating of "Hold" and an average target price of $13.50.

MidCap Financial Investment Price Performance

MFIC stock traded up $0.44 during mid-day trading on Tuesday, reaching $13.06. 576,380 shares of the company's stock were exchanged, compared to its average volume of 345,727. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 12.09 and a beta of 0.99. The stock's 50 day moving average is $12.73 and its 200 day moving average is $12.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.98 and a quick ratio of 5.98. MidCap Financial Investment Corporation has a 12-month low of $10.18 and a 12-month high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $81.25 million for the quarter, compared to the consensus estimate of $81.70 million. MidCap Financial Investment had a return on equity of 10.39% and a net margin of 30.60%. On average, research analysts expect that MidCap Financial Investment Corporation will post 1.73 EPS for the current 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.