Alpine Global Management LLC Acquires 183,586 Shares of MidCap Financial Investment Corporation $MFIC

Alpine Global Management LLC raised its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 138.6% in the 4th quarter, HoldingsChannel reports. The firm owned 316,086 shares of the company’s stock after purchasing an additional 183,586 shares during the quarter. Alpine Global Management LLC’s holdings in MidCap Financial Investment were worth $3,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Caxton Associates LLP bought a new stake in shares of MidCap Financial Investment during the first quarter worth $166,000. Quantbot Technologies LP bought a new position in shares of MidCap Financial Investment in the second quarter worth about $230,000. NewEdge Advisors LLC lifted its position in shares of MidCap Financial Investment by 4.3% during the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock worth $308,000 after purchasing an additional 1,000 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of MidCap Financial Investment during the second quarter worth approximately $191,000. Finally, Ameriprise Financial Inc. grew its stake in shares of MidCap Financial Investment by 16.6% during the second quarter. Ameriprise Financial Inc. now owns 402,636 shares of the company’s stock valued at $5,081,000 after purchasing an additional 57,406 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock opened at $9.91 on Friday. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $816.70 million, a P/E ratio of 247.94 and a beta of 0.59. The business has a 50-day moving average of $11.06 and a 200-day moving average of $11.18. MidCap Financial Investment Corporation has a 1 year low of $9.48 and a 1 year high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of ($17.79) million for the quarter, compared to the consensus estimate of $74.62 million. On average, equities analysts anticipate that MidCap Financial Investment Corporation will post 1.38 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 12.5%. The ex-dividend date of this dividend is Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 3,100.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MFIC shares. Wells Fargo & Company lowered their price target 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. Keefe, Bruyette & Woods reduced their price objective 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. Royal Bank Of Canada decreased their price objective on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 5th. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Truist Financial reduced their target price on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.