MidCap Financial Investment Corporation $MFIC Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its stake in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 21.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 486,444 shares of the company’s stock after purchasing an additional 86,161 shares during the period. Foundations Investment Advisors LLC’s holdings in MidCap Financial Investment were worth $5,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MFIC. Northwestern Mutual Wealth Management Co. increased its position in MidCap Financial Investment by 730,509.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after purchasing an additional 4,112,770 shares during the period. Next Capital Management LLC increased its position in MidCap Financial Investment by 84.9% during the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after purchasing an additional 616,184 shares during the period. UBS Group AG increased its position in MidCap Financial Investment by 19.0% during the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after purchasing an additional 323,137 shares during the period. Thornburg Investment Management Inc. increased its position in MidCap Financial Investment by 6.8% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after purchasing an additional 200,000 shares during the period. Finally, Muzinich & Co. Inc. increased its position in MidCap Financial Investment by 25.1% during the 4th quarter. Muzinich & Co. Inc. now owns 714,776 shares of the company’s stock worth $8,177,000 after purchasing an additional 143,256 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $10.84 on Friday. The business’s 50 day simple moving average is $11.27 and its 200-day simple moving average is $11.33. The firm has a market capitalization of $892.89 million, a price-to-earnings ratio of 271.07 and a beta of 0.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.42 and a quick ratio of 4.42. MidCap Financial Investment Corporation has a 12 month low of $9.48 and a 12 month high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The business had revenue of ($17.79) million for the quarter, compared to analyst estimates 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 forecast that MidCap Financial Investment Corporation will post 1.36 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.24 annualized dividend and a dividend yield of 11.4%. MidCap Financial Investment’s payout ratio is 3,100.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MFIC. Royal Bank Of Canada dropped their target price 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 dropped their target price 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. Truist Financial dropped their target price 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. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, JPMorgan Chase & Co. decreased their price target on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.54.

About MidCap Financial Investment

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.