MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives Average Rating of “Hold” from Brokerages

MidCap Financial Investment Corporation (NASDAQ:MFIC) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com 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 1-year price target among analysts that have issued ratings on the stock in the last year is $11.5357.

A number of equities research analysts have issued reports on MFIC shares. Royal Bank Of Canada reduced their price objective on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Keefe, Bruyette & Woods dropped their target price on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. dropped their target price on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, Truist Financial dropped their target price on shares of 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.

MidCap Financial Investment Trading Down 0.5%

Shares of MFIC stock opened at $10.60 on Friday. MidCap Financial Investment has a 52-week low of $9.48 and a 52-week high of $13.51. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42. The company has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $11.38. The company has a market capitalization of $873.12 million, a price-to-earnings ratio of 265.07 and a beta of 0.63.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. The business had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. Research analysts anticipate that MidCap Financial Investment will post 1.35 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio is presently 3,100.00%.

Institutional Trading of MidCap Financial Investment

A number of institutional investors have recently modified their holdings of the business. Caxton Associates LLP purchased a new stake in MidCap Financial Investment in the 1st quarter worth approximately $166,000. Quantbot Technologies LP purchased a new stake in MidCap Financial Investment in the 2nd quarter worth approximately $230,000. NewEdge Advisors LLC increased its holdings in shares of MidCap Financial Investment by 4.3% in 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 during the last quarter. Jane Street Group LLC bought a new position in shares of MidCap Financial Investment in the 2nd quarter worth $191,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of MidCap Financial Investment by 16.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 402,636 shares of the company’s stock worth $5,081,000 after buying an additional 57,406 shares during the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

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.