Garner Asset Management Corp Buys 58,642 Shares of MidCap Financial Investment Corporation $MFIC

Garner Asset Management Corp grew its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 52.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,273 shares of the company’s stock after buying an additional 58,642 shares during the period. Garner Asset Management Corp owned 0.18% of MidCap Financial Investment worth $2,050,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of MidCap Financial Investment in the third quarter worth about $157,000. Essex Financial Services Inc. grew its holdings in MidCap Financial Investment by 37.8% during the 3rd quarter. Essex Financial Services Inc. now owns 14,640 shares of the company’s stock valued at $176,000 after buying an additional 4,019 shares in the last quarter. Condor Capital Management grew its holdings in MidCap Financial Investment by 4.0% during the 3rd quarter. Condor Capital Management now owns 429,367 shares of the company’s stock valued at $5,148,000 after buying an additional 16,492 shares in the last quarter. Founders Financial Alliance LLC bought a new stake in shares of MidCap Financial Investment during the third quarter valued at approximately $163,000. Finally, MRA Advisory Group purchased a new position in shares of MidCap Financial Investment in the third quarter worth $122,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Up 0.5%

NASDAQ:MFIC opened at $11.14 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 10.51 and a beta of 0.77. MidCap Financial Investment Corporation has a twelve month low of $10.18 and a twelve month high of $14.72. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $11.39 and a 200-day simple moving average of $11.96.

Analyst Ratings Changes

MFIC has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Zacks Research raised shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Compass Point reissued a “neutral” rating and set a $12.25 price objective (down from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 price objective (down from $13.00) on shares of MidCap Financial Investment in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, MidCap Financial Investment presently has an average rating of “Hold” and a consensus price target of $12.75.

MidCap Financial Investment Profile

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.