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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have earned an average recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $11.4643.

A number of research firms have commented on MFIC. Weiss Ratings lowered MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods dropped their price target on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. reduced their price objective on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th.

MidCap Financial Investment Stock Performance

Shares of MFIC remained flat at $9.98 during mid-day trading on Friday. 389,219 shares of the stock were exchanged, compared to its average volume of 567,967. The firm has a market cap of $822.05 million, a P/E ratio of 249.56 and a beta of 0.60. 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 business has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $11.02. MidCap Financial Investment has a 12-month low of $9.48 and a 12-month high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last released 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 net margin of 1.90% and a return on equity of 10.86%. The business had revenue of ($17.79) million during the quarter, compared to analysts’ expectations of $74.62 million. On average, sell-side analysts anticipate 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 was paid on Thursday, June 25th. Investors of record on Tuesday, June 9th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date was Tuesday, June 9th. MidCap Financial Investment’s payout ratio is presently 3,100.00%.

Institutional Trading of MidCap Financial Investment

Several institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in shares of MidCap Financial Investment by 167.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after purchasing an additional 1,871 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of MidCap Financial Investment during the fourth quarter valued at $36,000. BNP Paribas Financial Markets purchased a new stake in shares of MidCap Financial Investment during the third quarter valued at $55,000. Kestra Advisory Services LLC purchased a new stake in shares of MidCap Financial Investment during the fourth quarter valued at $109,000. Finally, LB Partners LLC bought a new stake in MidCap Financial Investment in the 1st quarter worth about $112,000. 28.45% of the stock is currently 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.