MidCap Financial Investment (MFIC) Set to Announce Quarterly Earnings on Tuesday

MidCap Financial Investment (NASDAQ:MFIC) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect MidCap Financial Investment to post earnings of $0.43 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $71.95 million for the quarter, compared to analysts’ expectations of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same quarter in the previous year, the company earned $0.43 EPS. On average, analysts expect MidCap Financial Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MidCap Financial Investment Price Performance

NASDAQ:MFIC opened at $15.26 on Monday. The stock has a market cap of $995.72 million, a PE ratio of 8.38 and a beta of 1.45. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.45. The business’s 50-day simple moving average is $14.85 and its two-hundred day simple moving average is $14.03. MidCap Financial Investment has a 52 week low of $11.03 and a 52 week high of $15.40.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 9.96%. The ex-dividend date was Monday, March 11th. MidCap Financial Investment’s payout ratio is currently 83.52%.

Analyst Ratings Changes

MFIC has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upped their price target on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Citigroup lifted their price objective on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Royal Bank of Canada upped their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Truist Financial lifted their price target on MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, MidCap Financial Investment currently has an average rating of “Moderate Buy” and a consensus price target of $14.79.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.