Northwestern Mutual Wealth Management Co. Has $47.06 Million Stock Holdings in MidCap Financial Investment Corporation $MFIC

Northwestern Mutual Wealth Management Co. raised its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 730,509.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,113,333 shares of the company’s stock after buying an additional 4,112,770 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in MidCap Financial Investment were worth $47,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Naviter Wealth LLC grew its holdings in MidCap Financial Investment by 0.4% in the 3rd quarter. Naviter Wealth LLC now owns 204,109 shares of the company’s stock valued at $2,447,000 after buying an additional 850 shares in the last quarter. NewEdge Advisors LLC grew its holdings in MidCap Financial Investment by 4.3% in the 2nd quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock valued at $308,000 after buying an additional 1,000 shares in the last quarter. ProShare Advisors LLC grew its holdings in MidCap Financial Investment by 5.8% in the 3rd quarter. ProShare Advisors LLC now owns 19,622 shares of the company’s stock valued at $235,000 after buying an additional 1,076 shares in the last quarter. Camelot Portfolios LLC grew its holdings in MidCap Financial Investment by 2.2% in the 3rd quarter. Camelot Portfolios LLC now owns 63,262 shares of the company’s stock valued at $759,000 after buying an additional 1,378 shares in the last quarter. Finally, Meridian Investment Counsel Inc. grew its holdings in MidCap Financial Investment by 4.7% in the 4th quarter. Meridian Investment Counsel Inc. now owns 37,713 shares of the company’s stock valued at $431,000 after buying an additional 1,700 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC opened at $10.72 on Tuesday. The stock has a fifty day moving average price of $11.22 and a 200-day moving average price of $11.42. The company has a market cap of $883.04 million, a price-to-earnings ratio of 268.07 and a beta of 0.63. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42. MidCap Financial Investment Corporation has a fifty-two week low of $9.48 and a fifty-two week high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results 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 firm had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. As a group, equities analysts anticipate that MidCap Financial Investment Corporation will post 1.36 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio is currently 3,100.00%.

Analyst Ratings Changes

A number of research analysts have commented on MFIC shares. JPMorgan Chase & Co. decreased their price objective 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. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. Finally, Weiss Ratings raised MidCap Financial Investment from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.54.

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.