Muzinich & Co. Inc. Buys 143,256 Shares of MidCap Financial Investment Corporation $MFIC

Muzinich & Co. Inc. raised its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 714,776 shares of the company’s stock after acquiring an additional 143,256 shares during the quarter. MidCap Financial Investment makes up 2.6% of Muzinich & Co. Inc.’s portfolio, making the stock its 14th largest holding. Muzinich & Co. Inc. owned about 0.77% of MidCap Financial Investment worth $8,177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MFIC. Caxton Associates LLP bought a new position in shares of MidCap Financial Investment during the first quarter valued at $166,000. Quantbot Technologies LP bought a new position in shares of MidCap Financial Investment in the second quarter valued at about $230,000. CW Advisors LLC raised its holdings in shares of MidCap Financial Investment by 158.2% in the second quarter. CW Advisors LLC now owns 76,278 shares of the company’s stock valued at $963,000 after buying an additional 46,739 shares during the last quarter. Transce3nd LLC raised its holdings in shares of MidCap Financial Investment by 269.7% in the second quarter. Transce3nd LLC now owns 5,439 shares of the company’s stock valued at $69,000 after buying an additional 3,968 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of MidCap Financial Investment by 4.3% in the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock valued at $308,000 after buying an additional 1,000 shares during the last quarter. 28.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MFIC has been the subject of a number of research 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 for the company in a report on Thursday, March 5th. Keefe, Bruyette & Woods cut their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a report on Tuesday, March 10th. Truist Financial cut their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, MidCap Financial Investment presently has an average rating of “Hold” and a consensus target price of $11.54.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $11.54 on Wednesday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 17.49 and a beta of 0.66. MidCap Financial Investment Corporation has a 1-year low of $9.48 and a 1-year high of $13.51. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average price of $10.92 and a two-hundred day moving average price of $11.49.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of ($1.38) million during the quarter, compared to analysts’ expectations of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. Equities analysts predict that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

MidCap Financial Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend was Tuesday, March 10th. MidCap Financial Investment’s payout ratio is currently 187.88%.

MidCap Financial Investment Company Profile

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.