MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives Average Recommendation of “Hold” from Brokerages

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.1071.

Several equities research analysts have weighed in on MFIC shares. Truist Financial lowered their target price on MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings lowered MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their price target on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company reduced their price objective on shares of MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Finally, Royal Bank Of Canada decreased their target price 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in shares of MidCap Financial Investment by 4.3% in the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock valued at $308,000 after buying an additional 1,000 shares during the last quarter. AlphaCore Capital LLC grew its stake in MidCap Financial Investment by 8.6% during the 4th quarter. AlphaCore Capital LLC now owns 12,914 shares of the company’s stock valued at $148,000 after acquiring an additional 1,025 shares in the last quarter. Confluence Investment Management LLC raised its holdings in MidCap Financial Investment by 1.2% in the 2nd quarter. Confluence Investment Management LLC now owns 118,551 shares of the company’s stock valued at $1,195,000 after acquiring an additional 1,369 shares during the last quarter. Camelot Portfolios LLC grew its stake in MidCap Financial Investment by 2.2% during the 3rd quarter. Camelot Portfolios LLC now owns 63,262 shares of the company’s stock worth $759,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Meridian Investment Counsel Inc. raised its position in MidCap Financial Investment by 3.7% in the 1st quarter. Meridian Investment Counsel Inc. now owns 39,113 shares of the company’s stock valued at $440,000 after purchasing an additional 1,400 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $9.62 on Monday. The business has a 50 day simple moving average of $9.76 and a two-hundred day simple moving average of $10.54. The firm has a market capitalization of $792.43 million, a PE ratio of -26.72 and a beta of 0.61. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.78 and a quick ratio of 3.78. MidCap Financial Investment has a 1 year low of $9.28 and a 1 year high of $13.27.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of ($9.12) million during 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%. On average, equities analysts predict that MidCap Financial Investment will post 1.49 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Tuesday, September 8th. MidCap Financial Investment’s dividend payout ratio is currently -344.44%.

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.