Next Capital Management LLC Buys 616,184 Shares of MidCap Financial Investment Corporation $MFIC

Next Capital Management LLC grew its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 84.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,341,585 shares of the company’s stock after buying an additional 616,184 shares during the period. MidCap Financial Investment makes up 5.4% of Next Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Next Capital Management LLC owned about 1.44% of MidCap Financial Investment worth $16,086,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MFIC. Ameritas Advisory Services LLC bought a new position in MidCap Financial Investment during the second quarter valued at about $32,000. Physician Wealth Advisors Inc. acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter worth approximately $42,000. Financial Consulate Inc. acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter worth approximately $46,000. State of Alaska Department of Revenue bought a new stake in shares of MidCap Financial Investment during the third quarter valued at approximately $46,000. Finally, Access Investment Management LLC bought a new position in MidCap Financial Investment in the second quarter worth $50,000. Institutional investors own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Compass Point reissued a “neutral” rating and issued a $12.25 price target (down previously from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Zacks Research upgraded MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.75.

MidCap Financial Investment Stock Down 0.2%

Shares of NASDAQ MFIC opened at $11.26 on Friday. MidCap Financial Investment Corporation has a 1 year low of $10.18 and a 1 year high of $14.74. The firm’s 50-day moving average is $11.57 and its 200-day moving average is $12.08. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $1.05 billion, a PE ratio of 10.62 and a beta of 0.77.

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

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.