GBDC - MidCap Financial: A Well-Covered 9.4% Yield But Don't Chase It
2024-06-10 12:01:28 ET
Summary
- MidCap Financial Investment Corporation's stock classification was modified due to anticipated decline in short-term interest rates.
- The BDC's 100% floating-rate exposure has not yet resulted in softening net investment income prospects.
- The stock has seen a 20% rise in the first few months of 2024 due to the reluctant central bank.
Back in December 2023, I modified my stock classification for MidCap Financial Investment Corporation ( MFIC ) to a ' Hold ' because I had anticipated a fast decline in short-term interest rates....
MidCap Financial: A Well-Covered 9.4% Yield, But Don't Chase It