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In a recent transaction reported to the Securities and Exchange Commission, Howard Widra, a director at MidCap Financial Investment Corp (NASDAQ:MFIC), acquired a significant number of shares in the company. On March 11, Widra purchased 50,000 shares of common stock, with the transaction valued at approximately $619,990. The shares were bought at a weighted average price of $12.3998 per share, with individual transaction prices ranging from $12.395 to $12.40. The purchase comes as MFIC trades near its 52-week low of $12.26, with the stock offering an attractive dividend yield of ~12% and maintaining dividend payments for 22 consecutive years, according to InvestingPro data.
Following this purchase, Widra’s indirect holdings, attributed to ownership by his spouse, now stand at 101,666 shares. Additionally, Widra holds 298,024 shares directly. This acquisition reflects Widra’s continued investment in MidCap Financial Investment Corp, a company currently valued at $1.17 billion with a P/E ratio of 9.83. Want deeper insights into insider trading patterns and more exclusive financial metrics? Discover comprehensive analysis with InvestingPro’s detailed research reports.
In other recent news, MidCap Financial Investment Corp (MFIC) has been highlighted by Keefe, Bruyette & Woods, which maintained an Outperform rating on the company. The firm considers MFIC a top pick for 2025, viewing it as a discounted opportunity within the Business Development Company sector. Keefe, Bruyette & Woods noted that MFIC is actively working to reduce its concentrated positions, such as those in Merx and Chyron Hego, which currently account for 13% of the company’s Net Asset Value. This reduction is seen as a potential catalyst for increasing MFIC’s valuation. Recent merger activities were also mentioned as a factor in the company’s evolution. The firm’s progress in addressing operational issues has been noted positively, with MFIC recognized for robust dividend coverage and credit quality. Keefe, Bruyette & Woods projects a total potential return of 21% to their price target of $15.00, including the benefits from the dividend.
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