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Upturn AI SWOT - About
MidCap Financial Investment Corporation (MFIC)
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Upturn Advisory Summary
04/01/2025: MFIC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -4.72% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.22B USD | Price to earnings Ratio 10.13 | 1Y Target Price 14.47 |
Price to earnings Ratio 10.13 | 1Y Target Price 14.47 | ||
Volume (30-day avg) 625522 | Beta 1.55 | 52 Weeks Range 11.26 - 14.45 | Updated Date 04/1/2025 |
52 Weeks Range 11.26 - 14.45 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 11.81% | Basic EPS (TTM) 1.27 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 32.74% | Operating Margin (TTM) 82.78% |
Management Effectiveness
Return on Assets (TTM) 5.47% | Return on Equity (TTM) 8.2% |
Valuation
Trailing PE 10.13 | Forward PE 8.2 | Enterprise Value 2881849344 | Price to Sales(TTM) 4.05 |
Enterprise Value 2881849344 | Price to Sales(TTM) 4.05 | ||
Enterprise Value to Revenue 26.81 | Enterprise Value to EBITDA - | Shares Outstanding 93780304 | Shares Floating - |
Shares Outstanding 93780304 | Shares Floating - | ||
Percent Insiders 0.78 | Percent Institutions 29.74 |
Analyst Ratings
Rating 3.89 | Target Price 14.91 | Buy 1 | Strong Buy 4 |
Buy 1 | Strong Buy 4 | ||
Hold 3 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MidCap Financial Investment Corporation
Company Overview
History and Background
MidCap Financial Investment Corporation was founded to provide debt solutions to middle-market companies. It has grown through strategic partnerships and disciplined investment strategies, evolving into a significant player in the specialty finance sector.
Core Business Areas
- Direct Lending: Provides senior secured loans, mezzanine debt, and equity co-investments to middle-market companies.
- Asset-Based Lending: Offers financing solutions secured by tangible assets, such as accounts receivable and inventory.
- Real Estate Lending: Focuses on providing debt financing for commercial real estate projects.
Leadership and Structure
The company is led by a seasoned management team with expertise in private credit and investment management. It operates with a hierarchical structure, dividing its operations into specialized teams focusing on specific lending areas.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Provides first lien loans to middle-market companies. Market share is difficult to pinpoint due to the fragmented nature of the middle-market lending space, however, estimates place it at around 2-3% of the overall market. Competitors include Golub Capital (GBDC), Ares Capital Corporation (ARCC), and Owl Rock Capital Corporation (ORCC).
- Unitranche Loans: Offers a combination of senior and subordinated debt in a single facility. Competitors include Golub Capital (GBDC), Ares Capital Corporation (ARCC), and Owl Rock Capital Corporation (ORCC).
- Mezzanine Debt: Provides subordinated debt, often with equity warrants, to support leveraged buyouts, acquisitions, and growth capital needs. Competitors include Golub Capital (GBDC), Ares Capital Corporation (ARCC), and Owl Rock Capital Corporation (ORCC).
Market Dynamics
Industry Overview
The direct lending industry is experiencing growth due to increased demand from middle-market companies seeking flexible financing solutions. Competition is intense, with numerous private credit funds and business development companies (BDCs) vying for deals.
Positioning
MidCap Financial Investment Corporation is positioned as a reliable provider of capital to middle-market companies, leveraging its expertise in various lending areas and its strong relationships with private equity sponsors. It differentiates itself through its flexible financing solutions and its focus on building long-term partnerships with its borrowers.
Total Addressable Market (TAM)
The estimated TAM for private credit in the middle market is over $1 trillion. MidCap Financial Investment Corporation is well-positioned to capture a significant share of this market through its diversified lending platform and its strong origination capabilities.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified lending platform
- Strong relationships with private equity sponsors
- Flexible financing solutions
- Disciplined underwriting process
Weaknesses
- Reliance on external financing
- Sensitivity to interest rate fluctuations
- Concentration risk in certain industries
- Potential for credit losses in economic downturns
Opportunities
- Increasing demand for direct lending from middle-market companies
- Expansion into new lending areas, such as specialty finance
- Strategic acquisitions to enhance its lending capabilities
- Partnerships with other financial institutions to expand its reach
Threats
- Increased competition from other private credit funds and BDCs
- Economic downturns that could lead to higher credit losses
- Changes in regulations that could impact its lending activities
- Rising interest rates that could increase its borrowing costs
Competitors and Market Share
Key Competitors
- ARCC
- GBDC
- ORCC
Competitive Landscape
MidCap Financial Investment Corporation competes with other BDCs and private credit funds for deals. Its competitive advantages include its diversified lending platform, its experienced management team, and its strong relationships with private equity sponsors. Disadvantages could include its smaller size compared to some of its larger competitors.
Major Acquisitions
Health System Financing platform of Trinity Capital Investment LLC
- Year: 2023
- Acquisition Price (USD millions): 40
- Strategic Rationale: Expanding MidCap Financial's healthcare lending platform, specifically targeting middle-market healthcare companies and hospitals.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends would examine the company's revenue growth, asset growth, and earnings growth over the past several years.
Future Projections: Future growth projections would be based on analyst estimates, considering factors such as market growth, competition, and the company's strategic initiatives.
Recent Initiatives: Recent strategic initiatives could include new lending programs, geographic expansion, acquisitions, or partnerships.
Summary
MidCap Financial demonstrates moderate strength with a diversified lending platform and strategic partnerships. Its experienced management team provides a competitive edge. However, the company faces risks associated with economic downturns and increasing competition. Careful management of interest rate sensitivity and concentration risk are crucial for sustained growth.
Similar Companies
- ARCC
- GBDC
- ORCC
- OAK
- TPVG
- TCPC
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Analyst estimates
- Company press releases
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual risk tolerance and thorough due diligence. Market conditions and company performance can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MidCap Financial Investment Corporation
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2004-05-05 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act") specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies. It provides direct equity capital, mezzanine, first lien secured loans, stretch senior loans, unitranche loans, second lien secured loans and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products. It prefers to invest in preferred equity, common equity / interests and warrants and makes equity co-investments. It may invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded. It also focuses on other investments such as collateralized loan obligations ("CLOs") and credit-linked notes ("CLNs"). The fund typically invests in construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products/goods durable and non-durable and customer services, direct marketing, energy " oil & gas, electricity and utilities. The fund also invest in aerospace & defense, wholesale, telecommunications, financial services, hotel, gaming, leisure, restaurants; environmental industries, healthcare and pharmaceuticals, high tech industries, beverages, food and tobacco, manufacturing, media " diversified & production, printing and publishing, retail, automation, aviation
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