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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.75.

Several research analysts have commented on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 price objective (down from $13.00) on shares of MidCap Financial Investment in a report on Wednesday. Keefe, Bruyette & Woods decreased their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Raymond James Financial set a $13.50 target price on MidCap Financial Investment and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th.

Institutional Trading of MidCap Financial Investment

A number of hedge funds and other institutional investors have recently modified their holdings of MFIC. Kingstone Capital Partners Texas LLC bought a new position in shares of MidCap Financial Investment in the 2nd quarter worth about $189,382,000. Thornburg Investment Management Inc. grew its holdings in MidCap Financial Investment by 6.8% in the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after purchasing an additional 200,000 shares during the period. Van ECK Associates Corp increased its stake in shares of MidCap Financial Investment by 5.1% during the third quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock valued at $30,115,000 after purchasing an additional 121,523 shares in the last quarter. UBS Group AG lifted its holdings in shares of MidCap Financial Investment by 2.0% during the third quarter. UBS Group AG now owns 1,701,175 shares of the company’s stock valued at $20,397,000 after purchasing an additional 33,887 shares during the last quarter. Finally, Next Capital Management LLC boosted its position in shares of MidCap Financial Investment by 84.9% in the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after purchasing an additional 616,184 shares in the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

MidCap Financial Investment Trading Up 0.3%

NASDAQ MFIC opened at $11.47 on Friday. The stock has a market cap of $1.07 billion, a P/E ratio of 10.82 and a beta of 0.74. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. The stock has a 50 day simple moving average of $11.79 and a two-hundred day simple moving average of $12.28. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $83.56 million. On average, analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.52 annualized dividend and a yield of 13.3%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 143.40%.

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.