Next Capital Management LLC Sells 13,152 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Next Capital Management LLC lowered its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,728 shares of the company’s stock after selling 13,152 shares during the period. MidCap Financial Investment accounts for about 1.0% of Next Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Next Capital Management LLC’s holdings in MidCap Financial Investment were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MidCap Financial Investment by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after buying an additional 946 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in MidCap Financial Investment during the 3rd quarter worth $428,000. Advisors Asset Management Inc. grew its holdings in shares of MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in MidCap Financial Investment during the 3rd quarter worth approximately $307,000. Finally, D.A. Davidson & CO. grew its stake in shares of MidCap Financial Investment by 15.3% during the third quarter. D.A. Davidson & CO. now owns 288,381 shares of the company’s stock worth $3,861,000 after purchasing an additional 38,226 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wells Fargo & Company reduced their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.60.

MidCap Financial Investment Trading Up 0.6 %

Shares of NASDAQ:MFIC opened at $12.97 on Wednesday. The firm has a fifty day moving average price of $13.72 and a 200 day moving average price of $13.64. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 1 year low of $12.26 and a 1 year high of $16.37. The stock has a market capitalization of $1.22 billion, a PE ratio of 8.31 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.52 annualized dividend and a yield of 11.72%. MidCap Financial Investment’s payout ratio is currently 116.03%.

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.