57,223 Shares in MidCap Financial Investment Corporation $MFIC Acquired by Millennium Capital Advisors LLC

Millennium Capital Advisors LLC bought a new position in MidCap Financial Investment Corporation (NASDAQ:MFIC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 57,223 shares of the company’s stock, valued at approximately $655,000. Millennium Capital Advisors LLC owned approximately 0.06% of MidCap Financial Investment at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MFIC. Caxton Associates LLP purchased a new stake in MidCap Financial Investment during the 1st quarter valued at approximately $166,000. Quantbot Technologies LP purchased a new stake in MidCap Financial Investment during the 2nd quarter valued at approximately $230,000. NewEdge Advisors LLC grew its holdings in 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. Jane Street Group LLC purchased a new stake in MidCap Financial Investment during the 2nd quarter valued at approximately $191,000. Finally, Ameriprise Financial Inc. grew its holdings in MidCap Financial Investment by 16.6% during the 2nd 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Wells Fargo & Company cut their price objective on shares of MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Royal Bank Of Canada cut their price objective on shares of 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. Finally, Truist Financial cut their price objective on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, MidCap Financial Investment currently has an average rating of “Hold” and an average price target of $11.54.

MidCap Financial Investment Stock Up 0.4%

NASDAQ MFIC opened at $11.02 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42. The company has a market capitalization of $907.72 million, a P/E ratio of 275.57 and a beta of 0.63. MidCap Financial Investment Corporation has a one year low of $9.48 and a one year high of $13.51. The stock has a 50 day moving average price of $11.22 and a 200-day moving average price of $11.43.

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

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a $0.31 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a yield of 11.3%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 3,100.00%.

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.