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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.1071.

MFIC has been the subject of a number of recent research reports. Truist Financial decreased their price target 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. 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. JPMorgan Chase & Co. decreased 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 research note on Thursday, July 2nd. Wells Fargo & Company lowered their price target on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Finally, Royal Bank Of Canada dropped their price target on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 12th.

MidCap Financial Investment Stock Performance

NASDAQ MFIC traded down $0.03 during trading hours on Monday, hitting $9.73. The company had a trading volume of 54,018 shares, compared to its average volume of 804,124. The business has a 50 day moving average of $9.79 and a 200-day moving average of $10.59. The company has a market cap of $801.38 million, a PE ratio of -27.03 and a beta of 0.61. MidCap Financial Investment has a 1-year low of $9.28 and a 1-year high of $13.34. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of ($9.12) million during the quarter, compared to analysts’ expectations 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 expect that MidCap Financial Investment will post 1.42 EPS for the current year.

MidCap Financial Investment Announces Dividend

The business also recently announced 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 dividend yield of 12.7%. The ex-dividend date is Tuesday, September 8th. MidCap Financial Investment’s dividend payout ratio (DPR) is -344.44%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of MFIC. Advocate Investing Services LLC acquired a new position in MidCap Financial Investment in the 4th quarter valued at $36,000. BNP Paribas Financial Markets purchased a new position in MidCap Financial Investment during the 3rd quarter worth $55,000. Kestra Advisory Services LLC acquired a new stake in MidCap Financial Investment in the fourth quarter valued at about $109,000. Tower Research Capital LLC TRC boosted its stake in shares of MidCap Financial Investment by 20,580.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock valued at $120,000 after buying an additional 9,467 shares in the last quarter. Finally, LB Partners LLC purchased a new stake in shares of MidCap Financial Investment during the 1st quarter worth $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.