MidCap Financial Investment (NASDAQ:MFIC) Hits New 1-Year Low – Here’s What Happened

MidCap Financial Investment Corporation (NASDAQ:MFIC) shares reached a new 52-week low during trading on Friday . The company traded as low as $10.03 and last traded at $10.0240, with a volume of 1522666 shares changing hands. The stock had previously closed at $10.53.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MFIC shares. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. Zacks Research raised shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Compass Point restated a “neutral” rating and issued a $12.25 price objective (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 target price (down from $13.00) on shares of MidCap Financial Investment in a research note on Wednesday, January 7th. Finally, Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, MidCap Financial Investment currently has an average rating of “Hold” and an average target price of $12.75.

MidCap Financial Investment Stock Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34. The stock has a market capitalization of $924.60 million, a P/E ratio of 9.38 and a beta of 0.77. The business has a 50-day moving average price of $11.31 and a 200 day moving average price of $11.91.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of ($1.38) million during the quarter, compared to the consensus estimate of $78.87 million. As a group, sell-side analysts forecast that MidCap Financial Investment Corporation will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Tuesday, March 10th. MidCap Financial Investment’s payout ratio is presently 143.40%.

Institutional Investors Weigh In On MidCap Financial Investment

Several large investors have recently bought and sold shares of the business. Caxton Associates LLP purchased a new stake in shares of MidCap Financial Investment during the 1st quarter valued at about $166,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MidCap Financial Investment by 44.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 334,994 shares of the company’s stock valued at $4,228,000 after buying an additional 102,410 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of MidCap Financial Investment by 9.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 48,838 shares of the company’s stock worth $616,000 after buying an additional 4,014 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of MidCap Financial Investment by 5.0% in the second quarter. Arkadios Wealth Advisors now owns 103,954 shares of the company’s stock worth $1,312,000 after acquiring an additional 4,919 shares during the period. Finally, Muzinich & Co. Inc. increased its position in MidCap Financial Investment by 68.4% during the second quarter. Muzinich & Co. Inc. now owns 401,393 shares of the company’s stock valued at $5,066,000 after acquiring an additional 162,966 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

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.