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

MidCap Financial Investment Corporation (NASDAQ:MFIC) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.4643.

A number of research analysts recently commented on the company. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd.

MidCap Financial Investment Price Performance

NASDAQ:MFIC traded up $0.23 during trading hours on Friday, hitting $9.87. 430,880 shares of the company’s stock traded hands, compared to its average volume of 534,558. MidCap Financial Investment has a 52 week low of $9.48 and a 52 week high of $13.51. The business’s fifty day simple moving average is $10.51 and its two-hundred day simple moving average is $10.96. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59. The firm has a market cap of $812.99 million, a P/E ratio of 246.81 and a beta of 0.60.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%. On average, research analysts anticipate that MidCap Financial Investment will post 1.38 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend was Tuesday, June 9th. MidCap Financial Investment’s payout ratio is 3,100.00%.

Institutional Investors 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. UBS Group AG lifted its stake in MidCap Financial Investment by 19.0% in the fourth quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after acquiring an additional 323,137 shares during the period. Alpine Global Management LLC purchased a new position in shares of MidCap Financial Investment during the third quarter valued at about $1,589,000. Van ECK Associates Corp lifted its holdings in MidCap Financial Investment by 5.1% in the third quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after buying an additional 121,523 shares during the period. Muzinich & Co. Inc. grew its holdings in shares of MidCap Financial Investment by 25.1% during the 4th quarter. Muzinich & Co. Inc. now owns 714,776 shares of the company’s stock worth $8,177,000 after acquiring an additional 143,256 shares during the period. Finally, Millennium Capital Advisors LLC purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at approximately $655,000. 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.