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

MidCap Financial Investment Corporation (NASDAQ:MFIC)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.23 and last traded at $9.2550, with a volume of 123863 shares trading hands. The stock had previously closed at $9.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MFIC shares. Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Weiss Ratings lowered MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Truist Financial lowered their price target on MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada reduced their price objective on shares of MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.11.

MidCap Financial Investment Stock Performance

The company has a debt-to-equity ratio of 1.58, a current ratio of 3.78 and a quick ratio of 3.78. The company has a market cap of $765.38 million, a price-to-earnings ratio of -25.82 and a beta of 0.61. The stock has a 50-day moving average price of $9.74 and a 200 day moving average price of $10.47.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%.The business had revenue of ($9.12) million during the quarter, compared to analysts’ expectations of $67.80 million. As a group, analysts anticipate that MidCap Financial Investment Corporation will post 1.49 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Tuesday, September 8th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently -344.44%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFIC. Advocate Investing Services LLC bought a new position in MidCap Financial Investment during the 4th quarter worth about $36,000. BNP Paribas Financial Markets acquired a new stake in shares of MidCap Financial Investment in the third quarter valued at about $55,000. Kestra Advisory Services LLC acquired a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $109,000. LB Partners LLC bought a new stake in MidCap Financial Investment during the first quarter worth about $112,000. Finally, Kingsview Wealth Management LLC acquired a new position in MidCap Financial Investment during the fourth quarter valued at approximately $115,000. 28.45% of the stock is owned by institutional investors and hedge funds.

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.