Allspring Global Investments Holdings LLC Cuts Holdings in MidCap Financial Investment Co. (NASDAQ:MFIC)

Allspring Global Investments Holdings LLC lowered its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,979,089 shares of the company’s stock after selling 177,754 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MidCap Financial Investment were worth $26,916,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MFIC. Nomura Asset Management Co. Ltd. raised its position in MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after purchasing an additional 809 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of MidCap Financial Investment by 4.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock valued at $294,000 after buying an additional 837 shares in the last quarter. Muzinich & Co. Inc. lifted its position in MidCap Financial Investment by 0.5% in the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock worth $2,499,000 after buying an additional 946 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after buying an additional 946 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of MidCap Financial Investment by 1.2% during the fourth quarter. Stephens Inc. AR now owns 84,491 shares of the company’s stock worth $1,140,000 after acquiring an additional 1,000 shares in the last quarter. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Trading Up 0.3 %

Shares of MFIC opened at $14.49 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 9.29 and a beta of 1.48. MidCap Financial Investment Co. has a twelve month low of $12.26 and a twelve month high of $16.36. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $13.63.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MFIC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and an average price target 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.