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

MidCap Financial Investment Corporation (NASDAQ:MFIC) has received a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.5357.

MFIC has been the topic of a number of research reports. Truist Financial cut 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 report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods cut their price objective on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a report on Tuesday, March 10th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings upgraded MidCap Financial Investment from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st.

Institutional Investors Weigh In On MidCap Financial Investment

Hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC grew its stake in MidCap Financial Investment by 167.4% in 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 last quarter. Advocate Investing Services LLC bought a new stake in shares of MidCap Financial Investment in the 4th quarter valued at about $36,000. Physician Wealth Advisors Inc. purchased a new position in shares of MidCap Financial Investment in the 3rd quarter worth approximately $42,000. State of Alaska Department of Revenue purchased a new position in shares of MidCap Financial Investment in the 3rd quarter worth approximately $46,000. Finally, BNP Paribas Financial Markets bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $55,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $11.02 on Friday. MidCap Financial Investment has a twelve month low of $9.48 and a twelve month high of $13.51. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $11.43. The stock has a market capitalization of $907.75 million, a price-to-earnings ratio of 275.57 and a beta of 0.63.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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 firm had revenue of ($17.79) million for the quarter, compared to analyst estimates of $74.62 million. On average, analysts predict that MidCap Financial Investment will post 1.36 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, June 9th. MidCap Financial Investment’s payout ratio is presently 3,100.00%.

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.