MidCap Financial InvestmentMFIC
About: MidCap Financial Investment Corp is an externally managed, publicly traded, closed-end, diversified management investment company. Its investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. It predominantly invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, and in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
407% more call options, than puts
Call options by funds: $2.43M | Put options by funds: $478K
26% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 34
1% less funds holding
Funds holding: 124 [Q1] → 123 (-1) [Q2]
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
2.62% less ownership
Funds ownership: 31.85% [Q1] → 29.24% (-2.62%) [Q2]
8% less capital invested
Capital invested by funds: $312M [Q1] → $288M (-$24.2M) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Finian O'Shea 65% 1-year accuracy 11 / 17 met price target | 13%upside $15 | Overweight Maintained | 9 Aug 2024 |
Keefe, Bruyette & Woods Paul Johnson 100% 1-year accuracy 7 / 7 met price target | 13%upside $15 | Outperform Upgraded | 5 Aug 2024 |
JP Morgan Melissa Wedel 45% 1-year accuracy 5 / 11 met price target | 5%upside $14 | Neutral Maintained | 29 Jul 2024 |
