MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives $11.54 Consensus Price Target from Analysts

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have earned a consensus rating of “Hold” from the nine research firms that are currently 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 target price among analysts that have issued a report on the stock in the last year is $11.5357.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Truist Financial dropped their target price on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Royal Bank Of Canada dropped their target price on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 5th. Wells Fargo & Company dropped their target price on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Finally, Weiss Ratings lowered MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th.

Institutional Investors Weigh In On MidCap Financial Investment

A number of large investors have recently bought and sold shares of MFIC. Sound Income Strategies LLC lifted its holdings in MidCap Financial Investment by 167.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after acquiring an additional 1,871 shares during the period. Advocate Investing Services LLC acquired a new position in MidCap Financial Investment in the fourth quarter valued at approximately $36,000. BNP Paribas Financial Markets acquired a new position in MidCap Financial Investment in the third quarter valued at approximately $55,000. Kestra Advisory Services LLC acquired a new position in MidCap Financial Investment in the fourth quarter valued at approximately $109,000. Finally, Tower Research Capital LLC TRC lifted its holdings in MidCap Financial Investment by 20,580.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock valued at $120,000 after acquiring an additional 9,467 shares during the period. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $10.11 on Wednesday. MidCap Financial Investment has a fifty-two week low of $9.48 and a fifty-two week high of $13.51. The firm has a market capitalization of $832.76 million, a price-to-earnings ratio of 252.81 and a beta of 0.59. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42. The stock’s 50-day simple moving average is $11.12 and its 200-day simple moving average is $11.21.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The business had revenue of ($17.79) million for the quarter, compared to analyst estimates of $74.62 million. As a group, equities analysts forecast that MidCap Financial Investment will post 1.38 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a $0.31 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.24 dividend on an annualized basis and a yield of 12.3%. MidCap Financial Investment’s dividend payout ratio is currently 3,100.00%.

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.