1,078,291 Shares in MidCap Financial Investment Corporation $MFIC Purchased by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,078,291 shares of the company’s stock, valued at approximately $10,869,000.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of MidCap Financial Investment by 730,509.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock valued at $47,057,000 after purchasing an additional 4,112,770 shares during the last quarter. UBS Group AG grew its position in MidCap Financial Investment by 19.0% in 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. Next Capital Management LLC grew its position in MidCap Financial Investment by 26.1% in the 1st quarter. Next Capital Management LLC now owns 1,871,652 shares of the company’s stock worth $21,037,000 after purchasing an additional 387,303 shares during the period. Invesco Ltd. raised its stake in MidCap Financial Investment by 3.5% during the 4th quarter. Invesco Ltd. now owns 911,041 shares of the company’s stock valued at $10,422,000 after buying an additional 30,604 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in MidCap Financial Investment by 12.8% during the 4th quarter. Legal & General Group Plc now owns 651,851 shares of the company’s stock valued at $7,447,000 after buying an additional 74,030 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $9.62 on Tuesday. MidCap Financial Investment Corporation has a fifty-two week low of $9.28 and a fifty-two week high of $13.19. The company has a market cap of $792.40 million, a P/E ratio of -26.72 and a beta of 0.61. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78. The business’s 50 day moving average price is $9.74 and its 200-day moving average price is $10.47.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of ($9.12) million during the quarter, compared to analyst estimates of $67.80 million. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%. Sell-side analysts predict that MidCap Financial Investment Corporation will post 1.49 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.24 annualized dividend and a yield of 12.9%. MidCap Financial Investment’s dividend payout ratio is -344.44%.

Analyst Upgrades and Downgrades

MFIC has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Weiss Ratings downgraded MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Truist Financial lowered their target price on MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada cut their price target on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment presently has an average rating of “Hold” and a consensus target price of $11.11.

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.