Next Capital Management LLC Purchases 142,764 Shares of MidCap Financial Investment Corporation $MFIC

Next Capital Management LLC lifted its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,484,349 shares of the company’s stock after purchasing an additional 142,764 shares during the period. MidCap Financial Investment comprises about 5.4% of Next Capital Management LLC’s holdings, making the stock its 2nd largest position. Next Capital Management LLC owned 1.59% of MidCap Financial Investment worth $16,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of MidCap Financial Investment by 167.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after buying an additional 1,871 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of MidCap Financial Investment during the third quarter worth about $55,000. Kingsview Wealth Management LLC purchased a new position in shares of MidCap Financial Investment during the fourth quarter worth about $115,000. Tower Research Capital LLC TRC grew its holdings in shares of MidCap Financial Investment by 20,580.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock worth $120,000 after buying an additional 9,467 shares during the last quarter. Finally, MRA Advisory Group purchased a new position in shares of MidCap Financial Investment during the third quarter worth about $122,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MFIC. Wells Fargo & Company lowered their price target on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Royal Bank Of Canada lowered their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Thursday, March 5th. JPMorgan Chase & Co. lowered their price target on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Truist Financial lowered their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Finally, Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment has an average rating of “Hold” and a consensus target price of $11.54.

MidCap Financial Investment Price Performance

Shares of MFIC opened at $10.48 on Monday. MidCap Financial Investment Corporation has a twelve month low of $9.48 and a twelve month high of $13.51. The stock’s 50 day moving average is $11.25 and its two-hundred day moving average is $11.28. The firm has a market capitalization of $863.24 million, a PE ratio of 262.07 and a beta of 0.60. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating 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. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Tuesday, June 9th. MidCap Financial Investment’s payout ratio is currently 3,100.00%.

MidCap Financial Investment Company 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.