MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives Average Recommendation of “Hold” from Brokerages

MidCap Financial Investment Corporation (NASDAQ:MFIC) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.1071.

Several analysts recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 12th. Truist Financial cut their target price on shares of MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Weiss Ratings cut shares of MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Thursday, July 2nd.

Institutional Investors Weigh In On MidCap Financial Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Next Capital Management LLC boosted its holdings in MidCap Financial Investment by 26.1% in the first quarter. Next Capital Management LLC now owns 1,871,652 shares of the company’s stock worth $21,037,000 after acquiring an additional 387,303 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of MidCap Financial Investment during the second quarter valued at $10,869,000. Closed End Fund Advisors Inc. purchased a new position in shares of MidCap Financial Investment in the 4th quarter worth about $2,104,000. Legal & General Group Plc boosted its stake in MidCap Financial Investment by 12.8% in the 4th quarter. Legal & General Group Plc now owns 651,851 shares of the company’s stock worth $7,447,000 after purchasing an additional 74,030 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of MidCap Financial Investment in the second quarter worth approximately $995,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Trading Down 1.6%

NASDAQ:MFIC traded down $0.14 during midday trading on Friday, reaching $9.09. 58,234 shares of the stock traded hands, compared to its average volume of 768,983. MidCap Financial Investment has a 12 month low of $8.97 and a 12 month high of $12.50. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78. The company has a fifty day moving average of $9.60 and a 200 day moving average of $10.37. The stock has a market capitalization of $748.33 million, a P/E ratio of -25.25 and a beta of 0.61.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.40 earnings per share 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 firm had revenue of ($9.12) million for the quarter, compared to analyst estimates of $67.80 million. On average, research analysts predict that MidCap Financial Investment will post 1.49 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.24 annualized dividend and a yield of 13.6%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently -344.44%.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a non-diversified business development company that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans, including first-lien and unitranche facilities, and may also invest in subordinated debt and equity securities.

MFIC seeks to support companies across a range of industries and typically focuses on businesses with established operations and experienced management teams.