Next Capital Management LLC Raises Holdings in MidCap Financial Investment Corporation $MFIC

Next Capital Management LLC increased its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 329.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 725,401 shares of the company’s stock after purchasing an additional 556,316 shares during the period. MidCap Financial Investment makes up 3.4% of Next Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Next Capital Management LLC owned about 0.78% of MidCap Financial Investment worth $9,155,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in shares of MidCap Financial Investment in the 1st quarter worth $26,000. Ransom Advisory Ltd bought a new position in shares of MidCap Financial Investment in the 1st quarter worth $28,000. Ameritas Advisory Services LLC bought a new position in shares of MidCap Financial Investment in the 2nd quarter worth $32,000. Signaturefd LLC lifted its stake in MidCap Financial Investment by 88.5% during the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Access Investment Management LLC bought a new position in MidCap Financial Investment during the 2nd quarter valued at $50,000. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Trading Up 0.4%

Shares of MidCap Financial Investment stock opened at $12.19 on Tuesday. MidCap Financial Investment Corporation has a 52-week low of $10.18 and a 52-week high of $14.74. The stock’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $12.50. The stock has a market capitalization of $1.14 billion, a P/E ratio of 11.29 and a beta of 1.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.53 and a current ratio of 3.53.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%.The business had revenue of $81.25 million for the quarter, compared to analysts’ expectations of $81.70 million. As a group, research analysts anticipate that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of MidCap Financial Investment in a research note on Monday, August 25th. JPMorgan Chase & Co. dropped their price objective on MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Raymond James Financial set a $13.50 price objective on MidCap Financial Investment and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods lowered MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 target price for the company. in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, MidCap Financial Investment has a consensus rating of “Hold” and a consensus price target of $13.42.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.