MidCap Financial Investment Corporation (MFIC) to Issue Quarterly Dividend of $0.31 on March 26th

MidCap Financial Investment Corporation (NASDAQ:MFIC) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.31 per share on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, March 10th.

MidCap Financial Investment has decreased its dividend by an average of 0.0%annually over the last three years. MidCap Financial Investment has a dividend payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect MidCap Financial Investment to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 77.5%.

MidCap Financial Investment Trading Down 1.4%

NASDAQ MFIC opened at $10.40 on Friday. The firm’s fifty day moving average price is $11.17 and its 200 day moving average price is $11.79. MidCap Financial Investment has a 12 month low of $9.48 and a 12 month high of $13.51. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.65 and a quick ratio of 6.65. The company has a market capitalization of $958.98 million, a price-to-earnings ratio of 15.76 and a beta of 0.78.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of ($1.38) million during the quarter, compared to analysts’ expectations of $78.87 million. On average, sell-side analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position in MidCap Financial Investment by 730,509.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock valued at $47,057,000 after buying an additional 4,112,770 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in MidCap Financial Investment by 6.8% in the 3rd quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock valued at $37,622,000 after buying an additional 200,000 shares during the period. Van ECK Associates Corp raised its position in MidCap Financial Investment by 5.1% during the 3rd quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after buying an additional 121,523 shares during the last quarter. UBS Group AG lifted its stake in shares of MidCap Financial Investment by 19.0% in the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after acquiring an additional 323,137 shares during the period. Finally, Next Capital Management LLC lifted its stake in shares of MidCap Financial Investment by 10.6% in the 4th quarter. Next Capital Management LLC now owns 1,484,349 shares of the company’s stock worth $16,981,000 after acquiring an additional 142,764 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.