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

Y Intercept Hong Kong Ltd bought a new stake in MidCap Financial Investment Corporation (NASDAQ:MFIC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 98,743 shares of the company’s stock, valued at approximately $995,000. Y Intercept Hong Kong Ltd owned about 0.12% of MidCap Financial Investment as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Advocate Investing Services LLC bought a new stake in shares of MidCap Financial Investment in the 4th quarter worth approximately $36,000. BNP Paribas Financial Markets purchased a new stake in MidCap Financial Investment in the third quarter worth $55,000. Kestra Advisory Services LLC purchased a new stake in MidCap Financial Investment in the fourth quarter worth $109,000. Tower Research Capital LLC TRC raised its stake in shares of MidCap Financial Investment by 20,580.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock valued at $120,000 after buying an additional 9,467 shares during the period. Finally, LB Partners LLC purchased a new position in shares of MidCap Financial Investment during the 1st quarter valued at $112,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Price Performance

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

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. MidCap Financial Investment had a negative net margin of 9.85% and a positive return on equity of 11.17%. The company had revenue of ($9.12) million during the quarter, compared to analyst estimates of $67.80 million. On average, equities research analysts anticipate that MidCap Financial Investment Corporation will post 1.4 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Tuesday, September 8th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently -344.44%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday. Royal Bank Of Canada lowered their price target on shares of MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Truist Financial cut their price objective on shares of MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Two 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 MarketBeat.com, MidCap Financial Investment presently has an average rating of “Hold” and a consensus price target of $11.11.

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.