MidCap Financial Investment Corporation $MFIC Shares Purchased by Next Capital Management LLC

Next Capital Management LLC grew its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 84.9% in the 3rd quarter, Holdings Channel reports. The fund owned 1,341,585 shares of the company’s stock after purchasing an additional 616,184 shares during the quarter. MidCap Financial Investment accounts for 5.4% of Next Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Next Capital Management LLC’s holdings in MidCap Financial Investment were worth $16,086,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in MidCap Financial Investment during the 2nd quarter worth approximately $32,000. Physician Wealth Advisors Inc. acquired a new position in shares of MidCap Financial Investment in the third quarter valued at approximately $42,000. Financial Consulate Inc. bought a new stake in shares of MidCap Financial Investment during the third quarter worth $46,000. State of Alaska Department of Revenue acquired a new stake in shares of MidCap Financial Investment during the third quarter worth $46,000. Finally, Access Investment Management LLC acquired a new stake in shares of MidCap Financial Investment during the second quarter worth $50,000. Institutional investors own 28.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Compass Point reissued a “neutral” rating and set a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Keefe, Bruyette & Woods decreased their price objective on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.75.

MidCap Financial Investment Stock Down 0.2%

Shares of MFIC stock opened at $11.26 on Friday. MidCap Financial Investment Corporation has a 52-week low of $10.18 and a 52-week high of $14.74. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 10.62 and a beta of 0.77. The firm’s 50-day moving average is $11.57 and its 200-day moving average is $12.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of $82.58 million for the quarter, compared to analyst estimates of $83.56 million. Sell-side analysts predict that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

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.