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

MQS Management LLC bought a new position in MidCap Financial Investment Corporation (NASDAQ:MFIC) during the fourth quarter, Holdings Channel reports. The institutional investor bought 52,193 shares of the company’s stock, valued at approximately $597,000.

A number of other large investors have also recently bought and sold shares of MFIC. Sound Income Strategies LLC lifted its holdings in MidCap Financial Investment by 167.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after acquiring an additional 1,871 shares during the last quarter. Physician Wealth Advisors Inc. bought a new position in MidCap Financial Investment in the third quarter worth about $42,000. State of Alaska Department of Revenue bought a new position in MidCap Financial Investment in the third quarter worth about $46,000. BNP Paribas Financial Markets bought a new position in MidCap Financial Investment in the third quarter worth about $55,000. Finally, Tower Research Capital LLC TRC lifted its holdings in MidCap Financial Investment by 20,580.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock worth $120,000 after acquiring an additional 9,467 shares during the last quarter. Institutional investors own 28.45% of the company’s stock.

Analyst Upgrades and Downgrades

MFIC has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Thursday, March 5th. Weiss Ratings cut MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Wells Fargo & Company cut their price target on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. cut their price target 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. Finally, Keefe, Bruyette & Woods cut their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.54.

MidCap Financial Investment Stock Performance

MFIC opened at $10.60 on Friday. The business’s 50 day moving average is $11.25 and its 200-day moving average is $11.38. The stock has a market cap of $873.12 million, a PE ratio of 265.07 and a beta of 0.63. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59. MidCap Financial Investment Corporation has a twelve month low of $9.48 and a twelve month high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. On average, analysts predict that MidCap Financial Investment Corporation will post 1.35 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be issued 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 yield of 11.7%. MidCap Financial Investment’s payout ratio is presently 3,100.00%.

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.