MidCap Financial Investment Corporation $MFIC Shares Purchased by UBS Group AG

UBS Group AG boosted its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,024,312 shares of the company’s stock after purchasing an additional 323,137 shares during the period. UBS Group AG’s holdings in MidCap Financial Investment were worth $23,158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MFIC. Caxton Associates LLP bought a new position in shares of MidCap Financial Investment in 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 $230,000. NewEdge Advisors LLC increased 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 in the last quarter. Jane Street Group LLC bought a new position in shares of MidCap Financial Investment in the second quarter valued at $191,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of MidCap Financial Investment by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 402,636 shares of the company’s stock valued at $5,081,000 after buying an additional 57,406 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $11.70 on Monday. The company’s fifty day moving average is $11.13 and its two-hundred day moving average is $11.46. The company has a quick ratio of 4.42, a current 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 cap of $964.06 million, a P/E ratio of 292.67 and a beta of 0.63.

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

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Tuesday, June 9th. MidCap Financial Investment’s payout ratio is 3,100.00%.

Analysts Set New Price Targets

MFIC has been the topic of several research reports. Wells Fargo & Company dropped their price target on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Truist Financial dropped their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Keefe, Bruyette & Woods dropped their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, MidCap Financial Investment currently has a consensus 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.