Closed End Fund Advisors Inc. Invests $2.10 Million in MidCap Financial Investment Corporation $MFIC

Closed End Fund Advisors Inc. purchased a new position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 183,892 shares of the company’s stock, valued at approximately $2,104,000. MidCap Financial Investment makes up approximately 1.2% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 20th biggest position. Closed End Fund Advisors Inc. owned about 0.20% of MidCap Financial Investment as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MFIC. Sound Income Strategies LLC boosted its stake in shares of MidCap Financial Investment by 167.4% during the 4th 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 in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth about $55,000. Kingsview Wealth Management LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter worth about $115,000. Tower Research Capital LLC TRC boosted its stake in shares of MidCap Financial Investment by 20,580.4% during the 2nd 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 in the last quarter. Finally, MRA Advisory Group bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth about $122,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $10.48 on Friday. The stock has a 50 day moving average of $11.25 and a two-hundred day moving average of $11.29. 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 12 month low of $9.48 and a 12 month high of $13.51. The company has a market capitalization of $863.24 million, a P/E ratio of 262.07 and a beta of 0.59.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The company had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. As a group, equities analysts expect that MidCap Financial Investment Corporation will post 1.38 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be given a $0.31 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.8%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 3,100.00%.

Analysts Set New Price Targets

MFIC has been the subject of several recent analyst reports. 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. 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. JPMorgan Chase & Co. decreased their target price on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings downgraded MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, MidCap Financial Investment presently 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.