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Emanuel R. Pearlman, a director at MidCap Financial Investment Corp. (NASDAQ:MFIC), a $1.2 billion business development company, has recently acquired shares in the company. According to a recent SEC filing, Pearlman purchased 800 shares of MidCap Financial’s common stock on March 11. The company currently offers an attractive 12.2% dividend yield and trades at a P/E ratio of 10. The shares were bought at a weighted average price of $12.5189, with prices ranging from $12.39 to $12.558 per share. This transaction brings Pearlman’s total holdings to 2,800 shares, amounting to a total investment of $10,015 in this particular purchase. The stock is currently trading near its 52-week low, with technical indicators suggesting oversold conditions. InvestingPro analysis reveals 8 additional key insights about MFIC’s market position and financial health.
In other recent news, MidCap Financial Investment Corp (MFIC) received an Outperform rating from Keefe, Bruyette & Woods, emphasizing it as a top pick for 2025. The firm noted that MFIC is in the process of refining its operations, particularly in managing concentrated positions such as those in Merx and Chyron Hego, which make up 13% of the company’s Net Asset Value. This reduction or divestment is anticipated to potentially increase MFIC’s valuation. Recent merger activities by MFIC are also contributing to the company’s ongoing evolution. Keefe, Bruyette & Woods highlighted MFIC’s robust dividend coverage and credit quality as positive factors. The firm projected a total potential return of 21% to their price target of $15.00, including the benefits from the dividend. The firm’s outlook suggests a reasonable risk-adjusted upside for investors. These developments reflect the company’s strategic efforts to enhance its financial position.
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