132,500 Shares in MidCap Financial Investment Corporation $MFIC Purchased by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in MidCap Financial Investment Corporation (NASDAQ:MFIC) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 132,500 shares of the company’s stock, valued at approximately $1,589,000. Alpine Global Management LLC owned 0.14% of MidCap Financial Investment as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Naviter Wealth LLC increased its stake in shares of MidCap Financial Investment by 0.4% in the third quarter. Naviter Wealth LLC now owns 204,109 shares of the company’s stock worth $2,447,000 after purchasing an additional 850 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of MidCap Financial Investment by 4.3% during the 2nd 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. ProShare Advisors LLC boosted its holdings in MidCap Financial Investment by 5.8% in the 3rd quarter. ProShare Advisors LLC now owns 19,622 shares of the company’s stock worth $235,000 after buying an additional 1,076 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in MidCap Financial Investment by 1.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 77,277 shares of the company’s stock worth $975,000 after buying an additional 1,111 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in MidCap Financial Investment by 20.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,706 shares of the company’s stock valued at $85,000 after buying an additional 1,147 shares in the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MFIC. Keefe, Bruyette & Woods lowered their target price on shares of 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. 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. Wall Street Zen cut MidCap Financial Investment from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, Truist Financial dropped their price objective 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. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.54.

MidCap Financial Investment Trading Up 3.2%

MidCap Financial Investment stock opened at $10.75 on Wednesday. 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 capitalization of $991.26 million, a price-to-earnings ratio of 16.29 and a beta of 0.78. The business’s fifty day simple moving average is $11.02 and its two-hundred day simple moving average is $11.65. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 1.53.

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

MidCap Financial Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Tuesday, March 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 187.88%.

MidCap Financial Investment 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.