MidCap Financial Investment Corporation Declares Quarterly Dividend of $0.31 (NASDAQ:MFIC)

MidCap Financial Investment Corporation (NASDAQ:MFIC) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.31 per share on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Tuesday, September 8th.

MidCap Financial Investment has decreased its dividend by an average of 0.0%per year over the last three years. MidCap Financial Investment has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect MidCap Financial Investment to earn $1.22 per share next year, which means the company may not be able to cover its $1.24 annual dividend with an expected future payout ratio of 101.6%.

MidCap Financial Investment Price Performance

MFIC stock traded up $0.23 during trading on Thursday, reaching $9.71. 1,297,103 shares of the company were exchanged, compared to its average volume of 817,156. MidCap Financial Investment has a twelve month low of $9.28 and a twelve month high of $13.34. The company has a market capitalization of $799.81 million, a price-to-earnings ratio of 242.81 and a beta of 0.61. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.42 and a quick ratio of 4.42. The company has a 50-day moving average of $9.99 and a two-hundred day moving average of $10.73.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Wednesday, August 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.58). The firm had revenue of ($9.12) million during the quarter, compared to analyst estimates of $67.80 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. As a group, equities analysts predict that MidCap Financial Investment will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MFIC shares. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Finally, Weiss Ratings lowered shares of MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of “Hold” and a consensus target price of $11.46.

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.