MidCap Financial Investment (NASDAQ:MFIC) Reaches New 12-Month Low – What’s Next?

MidCap Financial Investment Corporation (NASDAQ:MFIC)’s stock price hit a new 52-week low on Monday . The stock traded as low as $9.00 and last traded at $9.0620, with a volume of 3755 shares traded. The stock had previously closed at $9.04.

Wall Street Analyst Weigh In

Several research analysts recently commented on MFIC shares. Royal Bank Of Canada reduced their target price on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 12th. Truist Financial decreased their target price on shares of MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Weiss Ratings cut shares of MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Finally, Wells Fargo & Company dropped their target price on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.11.

MidCap Financial Investment Trading Up 0.8%

The company has a market cap of $750.39 million, a price-to-earnings ratio of -25.36 and a beta of 0.61. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.78 and a quick ratio of 3.78. The business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $10.41.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. MidCap Financial Investment had a negative net margin of 9.85% and a positive return on equity of 11.17%. The business had revenue of ($9.12) million for the quarter, compared to analyst estimates of $67.80 million. As a group, equities analysts forecast that MidCap Financial Investment Corporation will post 1.49 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Tuesday, September 8th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently -344.44%.

Institutional Investors Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advocate Investing Services LLC acquired a new position in MidCap Financial Investment in the fourth quarter valued at about $36,000. BNP Paribas Financial Markets bought a new stake in shares of MidCap Financial Investment in the 3rd quarter valued at about $55,000. Kestra Advisory Services LLC bought a new stake in shares of MidCap Financial Investment in the 4th quarter valued at about $109,000. LB Partners LLC acquired a new stake in shares of MidCap Financial Investment in the 1st quarter valued at approximately $112,000. Finally, Kingsview Wealth Management LLC bought a new position in MidCap Financial Investment during the 4th quarter worth approximately $115,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a non-diversified business development company that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans, including first-lien and unitranche facilities, and may also invest in subordinated debt and equity securities.

MFIC seeks to support companies across a range of industries and typically focuses on businesses with established operations and experienced management teams.