MidCap Financial Investment (NASDAQ:MFIC) Reaches New 1-Year Low – What’s Next?

MidCap Financial Investment Corporation (NASDAQ:MFIC)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.97 and last traded at $8.9650, with a volume of 139142 shares. The stock had previously closed at $9.06.

Wall Street Analysts Forecast Growth

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

MidCap Financial Investment Price Performance

The company has a 50-day moving average of $9.56 and a 200-day moving average of $10.34. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a market cap of $740.09 million, a price-to-earnings ratio of -24.96 and a beta of 0.61.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results 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. The company had revenue of ($9.12) million for the quarter, compared to the consensus estimate of $67.80 million. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%. As a group, equities research analysts predict that MidCap Financial Investment Corporation will post 1.49 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, September 8th. MidCap Financial Investment’s payout ratio is currently -344.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. LB Partners LLC acquired a new stake in MidCap Financial Investment in the first quarter valued at about $112,000. Kingsview Wealth Management LLC purchased a new stake in shares of MidCap Financial Investment during the 4th quarter worth $115,000. Fifth Third Bancorp acquired a new position in shares of MidCap Financial Investment during the 1st quarter worth $119,000. World Investment Advisors purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at about $150,000. Finally, Empowered Funds LLC acquired a new stake in shares of MidCap Financial Investment in the first quarter valued at about $158,000. 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 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.