MidCap Financial Investment Co. Plans Quarterly Dividend of $0.20 (NASDAQ:MFIC)

MidCap Financial Investment Co. (NASDAQ:MFIC) announced a quarterly dividend on Sunday, July 21st, Zacks reports. Investors of record on Monday, August 5th will be given a dividend of 0.20 per share on Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Monday, August 5th.

MidCap Financial Investment has a dividend payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect MidCap Financial Investment to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 92.7%.

MidCap Financial Investment Stock Up 1.5 %

Shares of NASDAQ MFIC traded up $0.23 during trading on Tuesday, reaching $15.57. The company had a trading volume of 96,470 shares, compared to its average volume of 164,733. MidCap Financial Investment has a 12-month low of $12.51 and a 12-month high of $16.36. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average is $15.49 and its 200 day moving average is $14.86. The stock has a market cap of $1.02 billion, a PE ratio of 8.90 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $68.33 million for the quarter, compared to the consensus estimate of $69.48 million. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. As a group, equities analysts forecast that MidCap Financial Investment will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MFIC. Compass Point lowered MidCap Financial Investment from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $15.50 to $16.00 in a report on Monday, June 10th. Wells Fargo & Company lifted their price target on shares of MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.25.

About MidCap Financial Investment

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.