57,223 Shares in MidCap Financial Investment Corporation $MFIC Bought by Millennium Capital Advisors LLC

Millennium Capital Advisors LLC purchased a new position in MidCap Financial Investment Corporation (NASDAQ:MFIC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 57,223 shares of the company’s stock, valued at approximately $655,000.

A number of other institutional investors also recently bought and sold shares of MFIC. Northwestern Mutual Wealth Management Co. lifted its position in MidCap Financial Investment by 730,509.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after buying an additional 4,112,770 shares during the last quarter. Next Capital Management LLC lifted its position in MidCap Financial Investment by 84.9% in the third quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after buying an additional 616,184 shares during the last quarter. UBS Group AG lifted its position in MidCap Financial Investment by 19.0% in the fourth quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after buying an additional 323,137 shares during the last quarter. North Ground Capital bought a new stake in shares of MidCap Financial Investment during the third quarter worth $2,998,000. Finally, Thornburg Investment Management Inc. lifted its position in shares of MidCap Financial Investment by 6.8% during the third 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. 28.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MFIC shares. Weiss Ratings upgraded MidCap Financial Investment from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Royal Bank Of Canada decreased their target price on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Truist Financial decreased their target price on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Keefe, Bruyette & Woods decreased their target price on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a research report on Tuesday, March 10th. Finally, 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 report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.54.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock opened at $11.02 on Friday. The firm has a market cap of $907.72 million, a P/E ratio of 275.57 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 12 month low of $9.48 and a 12 month high of $13.51. The stock’s fifty day moving average price is $11.22 and its 200-day moving average price is $11.43.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of ($17.79) million for the quarter, compared to analyst estimates of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. On average, equities research analysts expect that MidCap Financial Investment Corporation will post 1.36 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, June 9th. This represents a $1.24 annualized dividend and a dividend yield of 11.3%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 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.