Y Intercept Hong Kong Ltd Buys New Shares in MidCap Financial Investment Corporation $MFIC

Y Intercept Hong Kong Ltd bought a new position in MidCap Financial Investment Corporation (NASDAQ:MFIC) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 98,743 shares of the company’s stock, valued at approximately $995,000.

Other hedge funds have also added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new stake in MidCap Financial Investment during the fourth quarter valued at about $36,000. BNP Paribas Financial Markets purchased a new position in shares of MidCap Financial Investment in the third quarter worth about $55,000. Kestra Advisory Services LLC purchased a new position in shares of MidCap Financial Investment in the fourth quarter worth about $109,000. Tower Research Capital LLC TRC lifted its stake in shares of MidCap Financial Investment by 20,580.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock valued at $120,000 after acquiring an additional 9,467 shares during the last quarter. Finally, LB Partners LLC bought a new stake in shares of MidCap Financial Investment in the 1st quarter valued at about $112,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Down 1.1%

Shares of NASDAQ:MFIC opened at $9.65 on Thursday. The stock’s 50-day moving average is $9.88 and its 200 day moving average is $10.66. The company has a market cap of $794.90 million, a PE ratio of -26.81 and a beta of 0.61. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.78 and a quick ratio of 3.78. MidCap Financial Investment Corporation has a 1 year low of $9.28 and a 1 year high of $13.34.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%.The business had revenue of ($9.12) million during the quarter, compared to analysts’ expectations of $67.80 million. Sell-side analysts anticipate that MidCap Financial Investment Corporation will post 1.4 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 8th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.24 annualized dividend and a yield of 12.8%. MidCap Financial Investment’s payout ratio is -344.44%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MFIC shares. Truist Financial reduced their price target on MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada dropped their price objective 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. Wells Fargo & Company cut their target price on shares of MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.