MidCap Financial Investment Corporation (NASDAQ:MFIC) Given Average Rating of “Hold” by Analysts

MidCap Financial Investment Corporation (NASDAQ:MFIC) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.5357.

A number of research firms recently weighed in on MFIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Truist Financial reduced their price objective on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Wall Street Zen cut MidCap Financial Investment from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Royal Bank Of Canada lowered their target price on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th.

MidCap Financial Investment Price Performance

NASDAQ:MFIC traded down $0.01 on Friday, reaching $11.03. The stock had a trading volume of 289,664 shares, compared to its average volume of 1,004,397. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $1.02 billion, a P/E ratio of 16.67 and a beta of 0.78. MidCap Financial Investment has a 1-year low of $9.48 and a 1-year high of $13.51. The stock has a fifty day moving average price of $10.95 and a 200-day moving average price of $11.56.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. The company had revenue of ($1.38) million during the quarter, compared to analyst estimates of $78.87 million. Research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 11.2%. The ex-dividend date was Tuesday, March 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 187.88%.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently modified their holdings of the stock. Naviter Wealth LLC increased its holdings in shares of MidCap Financial Investment by 0.4% in the third quarter. Naviter Wealth LLC now owns 204,109 shares of the company’s stock valued at $2,447,000 after purchasing an additional 850 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in MidCap Financial Investment by 4.3% during the 2nd quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock worth $308,000 after buying an additional 1,000 shares in the last quarter. AlphaCore Capital LLC boosted its position in MidCap Financial Investment by 8.6% in the 4th quarter. AlphaCore Capital LLC now owns 12,914 shares of the company’s stock valued at $148,000 after buying an additional 1,025 shares during the last quarter. ProShare Advisors LLC boosted its position in MidCap Financial Investment by 5.8% in the 3rd quarter. ProShare Advisors LLC now owns 19,622 shares of the company’s stock valued at $235,000 after buying an additional 1,076 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in shares of MidCap Financial Investment by 0.3% in the 3rd quarter. Ethos Financial Group LLC now owns 423,178 shares of the company’s stock valued at $5,074,000 after buying an additional 1,277 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

About MidCap Financial Investment

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.