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

MidCap Financial Investment Corporation (NASDAQ:MFIC) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Seven 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 objective among brokers that have updated their coverage on the stock in the last year is $11.4643.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Weiss Ratings downgraded MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC traded down $0.13 during midday trading on Thursday, reaching $9.60. 33,257 shares of the company were exchanged, compared to its average volume of 816,352. The stock has a market cap of $790.75 million, a PE ratio of 239.96 and a beta of 0.60. The business’s fifty day moving average is $10.10 and its two-hundred day moving average is $10.79. MidCap Financial Investment has a one year low of $9.34 and a one year high of $13.34. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. As a group, analysts predict that MidCap Financial Investment will post 1.38 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Tuesday, June 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a yield of 12.9%. MidCap Financial Investment’s dividend payout ratio is presently 3,100.00%.

Hedge Funds Weigh In On MidCap Financial Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC raised its position in shares of MidCap Financial Investment by 167.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after buying an additional 1,871 shares in the last quarter. Advocate Investing Services LLC purchased a new position in MidCap Financial Investment in the fourth quarter worth about $36,000. BNP Paribas Financial Markets purchased a new position in MidCap Financial Investment in the third quarter worth about $55,000. Kestra Advisory Services LLC bought a new stake in MidCap Financial Investment during the fourth quarter worth approximately $109,000. Finally, Tower Research Capital LLC TRC increased its stake in MidCap Financial Investment by 20,580.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock worth $120,000 after acquiring an additional 9,467 shares during the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

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.