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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.5357.

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. reduced their target price on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Royal Bank Of Canada reduced their target price on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Thursday, March 5th. Finally, Weiss Ratings lowered MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in MFIC. Sound Income Strategies LLC lifted its holdings in 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 during the last quarter. Advocate Investing Services LLC acquired a new stake in MidCap Financial Investment in the 4th quarter worth approximately $36,000. BNP Paribas Financial Markets acquired a new stake in MidCap Financial Investment in the 3rd quarter worth approximately $55,000. Kestra Advisory Services LLC acquired a new stake in MidCap Financial Investment in the 4th quarter worth approximately $109,000. Finally, LB Partners LLC acquired a new stake in MidCap Financial Investment in the 1st quarter worth approximately $112,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Down 1.8%

Shares of MidCap Financial Investment stock opened at $10.34 on Wednesday. The firm has a market cap of $851.71 million, a price-to-earnings ratio of 258.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.42 and a quick ratio of 4.42. MidCap Financial Investment has a 52-week low of $9.48 and a 52-week high of $13.51. The stock has a 50-day simple moving average of $11.23 and a 200-day simple moving average of $11.27.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (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 analyst estimates of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. On average, equities research analysts expect that MidCap Financial Investment will post 1.38 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 12.0%. The ex-dividend date is Tuesday, June 9th. MidCap Financial Investment’s payout ratio is 3,100.00%.

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.