MidCap Financial Investment Corporation $MFIC is Next Capital Management LLC’s 2nd Largest Position

Next Capital Management LLC increased its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 26.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,871,652 shares of the company’s stock after acquiring an additional 387,303 shares during the quarter. MidCap Financial Investment comprises 6.4% of Next Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Next Capital Management LLC’s holdings in MidCap Financial Investment were worth $21,037,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in MidCap Financial Investment by 3.1% in the 1st quarter. D.A. Davidson & CO. now owns 360,807 shares of the company’s stock worth $4,055,000 after acquiring an additional 10,736 shares during the last quarter. Sharpepoint LLC raised its holdings in shares of MidCap Financial Investment by 19.9% in the 1st quarter. Sharpepoint LLC now owns 124,177 shares of the company’s stock valued at $1,396,000 after acquiring an additional 20,608 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of MidCap Financial Investment during the 1st quarter valued at about $162,000. Sigma Planning Corp boosted its position in shares of MidCap Financial Investment by 2.4% during the 1st quarter. Sigma Planning Corp now owns 73,561 shares of the company’s stock valued at $827,000 after acquiring an additional 1,719 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of MidCap Financial Investment during the first quarter worth about $119,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

MFIC opened at $9.78 on Friday. The stock has a 50-day moving average price of $10.30 and a 200-day moving average price of $10.90. MidCap Financial Investment Corporation has a 12-month low of $9.48 and a 12-month high of $13.51. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $805.58 million, a P/E ratio of 244.56 and a beta of 0.60.

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. The company had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. Equities analysts predict that MidCap Financial Investment Corporation will post 1.38 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.24 annualized dividend and a dividend yield of 12.7%. MidCap Financial Investment’s dividend payout ratio (DPR) is 3,100.00%.

Wall Street Analysts Forecast Growth

MFIC has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.46.

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.