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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $11.5357.

MFIC has been the topic of several analyst reports. Truist Financial lowered their price target on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Wall Street Zen lowered shares of MidCap Financial Investment from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Royal Bank Of Canada dropped their price target on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Finally, Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research note on Monday, March 2nd.

MidCap Financial Investment Stock Performance

Shares of MFIC stock traded down $0.01 during mid-day trading on Friday, reaching $11.03. The stock had a trading volume of 289,664 shares, compared to its average volume of 1,004,397. MidCap Financial Investment has a one year low of $9.48 and a one year high of $13.51. The firm has a market cap of $1.02 billion, a PE ratio of 16.67 and a beta of 0.78. The firm’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $11.56. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Thursday, February 26th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of ($1.38) million during the quarter, compared to analyst estimates of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. On average, analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.2%. MidCap Financial Investment’s dividend payout ratio is presently 187.88%.

Institutional Trading of MidCap Financial Investment

Several institutional investors have recently bought and sold shares of MFIC. World Investment Advisors bought a new stake in MidCap Financial Investment in the fourth quarter valued at $150,000. Alpine Global Management LLC lifted its holdings in shares of MidCap Financial Investment by 138.6% during the fourth quarter. Alpine Global Management LLC now owns 316,086 shares of the company’s stock valued at $3,616,000 after acquiring an additional 183,586 shares during the period. Virtu Financial LLC lifted its holdings in shares of MidCap Financial Investment by 22.0% during the fourth quarter. Virtu Financial LLC now owns 26,960 shares of the company’s stock valued at $308,000 after acquiring an additional 4,856 shares during the period. Invesco Ltd. boosted its stake in shares of MidCap Financial Investment by 3.5% in the 4th quarter. Invesco Ltd. now owns 911,041 shares of the company’s stock valued at $10,422,000 after purchasing an additional 30,604 shares in the last quarter. Finally, Papamarkou Wellner Asset Management inc. acquired a new stake in shares of MidCap Financial Investment in the 4th quarter valued at $194,000. Institutional investors and hedge funds 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.