MQS Management LLC Makes New $597,000 Investment in MidCap Financial Investment Corporation $MFIC

MQS Management LLC acquired a new position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 52,193 shares of the company’s stock, valued at approximately $597,000. MQS Management LLC owned about 0.06% of MidCap Financial Investment as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MFIC. Northwestern Mutual Wealth Management Co. increased its holdings 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 last quarter. Next Capital Management LLC increased its holdings 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 last quarter. UBS Group AG increased its holdings 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 last quarter. Thornburg Investment Management Inc. increased its holdings 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 last quarter. Finally, Muzinich & Co. Inc. increased its holdings 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 last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Stock Down 0.5%

NASDAQ:MFIC opened at $10.60 on Friday. The company has a market capitalization of $873.12 million, a price-to-earnings ratio of 265.07 and a beta of 0.63. MidCap Financial Investment Corporation has a one year low of $9.48 and a one year high of $13.51. The stock has a 50-day simple moving average of $11.25 and a 200 day simple moving average of $11.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. Sell-side analysts predict that MidCap Financial Investment Corporation will post 1.35 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a yield of 11.7%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 3,100.00%.

Wall Street Analyst Weigh In

MFIC has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price objective on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Royal Bank Of Canada decreased their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Thursday, March 5th. Keefe, Bruyette & Woods decreased their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Weiss Ratings downgraded MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Truist Financial decreased their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.