MidCap Financial Investment Corporation $MFIC is Next Capital Management LLC’s 6th Largest Position

Next Capital Management LLC raised its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 329.0% in the second quarter, Holdings Channel reports. The institutional investor owned 725,401 shares of the company’s stock after buying an additional 556,316 shares during the quarter. MidCap Financial Investment comprises about 3.4% of Next Capital Management LLC’s portfolio, making the stock its 6th biggest position. Next Capital Management LLC’s holdings in MidCap Financial Investment were worth $9,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Access Investment Management LLC purchased a new position in MidCap Financial Investment during the 2nd quarter valued at about $50,000. Sigma Planning Corp boosted its position in shares of MidCap Financial Investment by 3.1% during the 2nd quarter. Sigma Planning Corp now owns 73,046 shares of the company’s stock valued at $922,000 after acquiring an additional 2,183 shares during the last quarter. Muzinich & Co. Inc. boosted its position in shares of MidCap Financial Investment by 68.4% during the 2nd quarter. Muzinich & Co. Inc. now owns 401,393 shares of the company’s stock valued at $5,066,000 after acquiring an additional 162,966 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of MidCap Financial Investment by 5.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 103,954 shares of the company’s stock valued at $1,312,000 after acquiring an additional 4,919 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of MidCap Financial Investment by 9.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 48,838 shares of the company’s stock valued at $616,000 after acquiring an additional 4,014 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $12.19 on Tuesday. 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 Corporation has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. The stock has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $12.50. The company has a market capitalization of $1.14 billion, a P/E ratio of 11.29 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. Analysts expect that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

MFIC has been the subject of a number of research analyst reports. Raymond James Financial set a $13.50 price target on MidCap Financial Investment and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price target on shares of MidCap Financial Investment in a research report on Monday, August 25th. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods downgraded 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment presently has an average rating of “Hold” and a consensus price target of $13.42.

MidCap Financial Investment 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.