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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Seven 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.

MFIC has been the subject of several recent analyst reports. Truist Financial lowered their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. 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. Royal Bank Of Canada lowered their target price on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Thursday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Weiss Ratings upgraded shares of MidCap Financial Investment from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $11.02 on Friday. 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 firm has a market cap of $907.75 million, a PE ratio of 275.57 and a beta of 0.63. MidCap Financial Investment has a 12 month low of $9.48 and a 12 month high of $13.51. The stock has a fifty day moving average price of $11.22 and a 200-day moving average price of $11.43.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The firm had revenue of ($17.79) million for the quarter, compared to the consensus estimate of $74.62 million. Equities research analysts predict that MidCap Financial Investment will post 1.36 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.3%. MidCap Financial Investment’s payout ratio is 3,100.00%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MFIC. Sound Income Strategies LLC lifted its position in MidCap Financial Investment by 167.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after acquiring an additional 1,871 shares during the period. Advocate Investing Services LLC acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at about $36,000. Physician Wealth Advisors Inc. purchased a new position in shares of MidCap Financial Investment in the third quarter worth about $42,000. State of Alaska Department of Revenue purchased a new position in shares of MidCap Financial Investment in the third quarter worth about $46,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of MidCap Financial Investment during the third quarter worth about $55,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

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.