MidCap Financial Investment (MFIC)

• Market cap: $1.28B
• 1 day: 0.22%
• 5 days: -0.07%
• 1 month: -3.33%
• 3 months: 3.10%
• 6 months: -11.21%
• Year to date: 0.22%
• 1 year: 1.19%
• 5 years: -22.51%
• 10 years: -39.02%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

350% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 14

196% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 23

121% more call options, than puts

Call options by funds: $2.05M | Put options by funds: $926K

37% more funds holding

Funds holding: 124 [Q2] → 170 (+46) [Q3]

12% more capital invested

Capital invested by funds: $305M [Q2] → $341M (+$35.6M) [Q3]

3.52% less ownership

Funds ownership: 30.98% [Q2] → 27.45% (-3.52%) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 3% upside
• Avg. target: $14 3% upside
• High target: $14 3% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

RBC Capital Kenneth Lee 71% 1-year accuracy 45 / 63 met price target	3% upside $14	Sector Perform Reiterated	19 Nov 2024
Wells Fargo Finian O'Shea 69% 1-year accuracy 25 / 36 met price target	3% upside $14	Overweight Maintained	29 Oct 2024