Northwestern Mutual Wealth Management Co. Purchases 4,112,770 Shares of MidCap Financial Investment Corporation $MFIC

Northwestern Mutual Wealth Management Co. grew its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 730,509.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,113,333 shares of the company’s stock after purchasing an additional 4,112,770 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 4.41% of MidCap Financial Investment worth $47,057,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of MidCap Financial Investment by 167.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after purchasing an additional 1,871 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $42,000. State of Alaska Department of Revenue acquired a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $46,000. BNP Paribas Financial Markets acquired a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC increased its position in shares of MidCap Financial Investment by 20,580.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock worth $120,000 after purchasing an additional 9,467 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Down 2.7%

MFIC opened at $10.72 on Tuesday. MidCap Financial Investment Corporation has a 1-year low of $9.48 and a 1-year high of $13.51. The stock’s fifty day simple moving average is $11.22 and its 200 day simple moving average is $11.42. 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 cap of $883.04 million, a PE ratio of 268.07 and a beta of 0.63.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly 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. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The business had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. As a group, research analysts expect that MidCap Financial Investment Corporation will post 1.36 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on MFIC. 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 research report on Thursday, March 5th. Keefe, Bruyette & Woods lowered 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 report on Tuesday, March 10th. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. 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 research report on Wednesday, March 4th. Finally, Weiss Ratings raised MidCap Financial Investment from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Two 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 currently has a consensus 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.