MidCap Financial Investment Corporation $MFIC Holdings Raised by Next Capital Management LLC

Next Capital Management LLC lifted its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,484,349 shares of the company’s stock after acquiring an additional 142,764 shares during the quarter. MidCap Financial Investment accounts for about 5.4% of Next Capital Management LLC’s holdings, making the stock its 2nd biggest position. Next Capital Management LLC’s holdings in MidCap Financial Investment were worth $16,981,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of MidCap Financial Investment by 730,509.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after acquiring an additional 4,112,770 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of MidCap Financial Investment by 6.8% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after acquiring an additional 200,000 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of MidCap Financial Investment by 5.1% during the 3rd quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after acquiring an additional 121,523 shares in the last quarter. UBS Group AG boosted its stake in shares of MidCap Financial Investment by 19.0% during the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after acquiring an additional 323,137 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of MidCap Financial Investment by 14.3% during the 3rd quarter. Invesco Ltd. now owns 880,437 shares of the company’s stock worth $10,556,000 after acquiring an additional 109,999 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research note on Tuesday, March 10th. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Wells Fargo & Company cut their price objective on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. JPMorgan Chase & Co. cut their price objective on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, Royal Bank Of Canada cut their price objective on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.54.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock opened at $10.48 on Monday. MidCap Financial Investment Corporation has a fifty-two week low of $9.48 and a fifty-two week high of $13.51. The firm has a market cap of $863.24 million, a PE ratio of 262.07 and a beta of 0.60. The business’s fifty day moving average is $11.25 and its two-hundred day moving average is $11.28. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The company had revenue of ($17.79) million for the quarter, compared to analyst estimates of $74.62 million. Analysts anticipate that MidCap Financial Investment Corporation will post 1.38 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio is currently 3,100.00%.

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.