MidCap Financial Investment Corporation $MFIC Shares Sold by Bayshore Capital Advisors LLC

Bayshore Capital Advisors LLC reduced its holdings in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 88.3% in the 3rd quarter, Holdings Channel reports. The fund owned 11,380 shares of the company’s stock after selling 86,200 shares during the quarter. Bayshore Capital Advisors LLC’s holdings in MidCap Financial Investment were worth $99,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of MidCap Financial Investment during the 2nd quarter valued at $10,869,000. Next Capital Management LLC increased its holdings in MidCap Financial Investment by 26.1% during the 1st quarter. Next Capital Management LLC now owns 1,871,652 shares of the company’s stock valued at $21,037,000 after purchasing an additional 387,303 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of MidCap Financial Investment in the 2nd quarter worth about $995,000. Commonwealth Equity Services LLC lifted its stake in shares of MidCap Financial Investment by 15.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,685 shares of the company’s stock worth $190,000 after buying an additional 2,929 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in MidCap Financial Investment during the 3rd quarter valued at $158,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $10.26 on Friday. The business has a fifty day moving average of $9.11 and a 200-day moving average of $10.23. The firm has a market cap of $845.12 million, a PE ratio of 6.64 and a beta of 0.59. MidCap Financial Investment Corporation has a twelve month low of $8.11 and a twelve month high of $12.34. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.56). The business had revenue of $61.98 million during the quarter, compared to analyst estimates of $64.43 million. MidCap Financial Investment had a negative net margin of 9.85% and a positive return on equity of 11.17%. On average, equities research analysts predict that MidCap Financial Investment Corporation will post 1.49 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Tuesday, December 8th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, December 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.1%. MidCap Financial Investment’s payout ratio is currently -344.44%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MFIC. Truist Financial downgraded MidCap Financial Investment from a “buy” rating to a “hold” rating and decreased their price objective for the company from $12.00 to $11.00 in a research report on Monday, November 2nd. Raymond James Financial cut shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 28th. Weiss Ratings cut MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada decreased their price target on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Wednesday, August 12th. Finally, Wells Fargo & Company cut their price target on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has an average rating of “Reduce” and a consensus target price of $10.39.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in privately negotiated debt and equity securities.

MFIC primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and other investments issued by companies across a range of industries.