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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have received an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat 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 brokers that have covered the stock in the last year is $11.5357.

MFIC has been the subject of several research reports. Royal Bank Of Canada reduced their target price on shares of 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. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings cut MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wells Fargo & Company cut their price target on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Finally, Truist Financial cut their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th.

MidCap Financial Investment Stock Down 1.8%

Shares of MFIC stock opened at $10.34 on Wednesday. MidCap Financial Investment has a 12 month low of $9.48 and a 12 month high of $13.51. The firm has a market cap of $851.71 million, a PE ratio of 258.56 and a beta of 0.59. The stock has a 50 day moving average of $11.23 and a 200-day moving average of $11.27. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The company had revenue of ($17.79) million during the quarter, compared to analyst estimates of $74.62 million. On average, equities analysts predict that MidCap Financial Investment will post 1.38 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.0%. MidCap Financial Investment’s payout ratio is currently 3,100.00%.

Institutional Trading of MidCap Financial Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of MidCap Financial Investment by 167.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after purchasing an additional 1,871 shares during the period. Advocate Investing Services LLC bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $36,000. BNP Paribas Financial Markets bought a new stake in shares of MidCap Financial Investment during the third quarter valued at approximately $55,000. Kestra Advisory Services LLC bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $109,000. Finally, LB Partners LLC bought a new stake in shares of MidCap Financial Investment during the first quarter valued at approximately $112,000. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Company Profile

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.