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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have received an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.4643.

MFIC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings lowered MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods cut their price target on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th.

MidCap Financial Investment Price Performance

NASDAQ:MFIC remained flat at $9.98 during midday trading on Friday. The company had a trading volume of 389,219 shares, compared to its average volume of 567,967. The firm has a fifty day moving average of $10.67 and a two-hundred day moving average of $11.02. The stock has a market capitalization of $822.05 million, a price-to-earnings ratio of 249.56 and a beta of 0.60. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59. MidCap Financial Investment has a twelve month low of $9.48 and a twelve month high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio is currently 3,100.00%.

Institutional Trading of MidCap Financial Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in shares of MidCap Financial Investment by 19.0% during the fourth quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after purchasing an additional 323,137 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $1,589,000. Van ECK Associates Corp grew its stake in shares of MidCap Financial Investment by 5.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock valued at $30,115,000 after buying an additional 121,523 shares during the period. Muzinich & Co. Inc. increased its holdings in shares of MidCap Financial Investment by 25.1% during the fourth quarter. Muzinich & Co. Inc. now owns 714,776 shares of the company’s stock valued at $8,177,000 after acquiring an additional 143,256 shares in the last quarter. Finally, Millennium Capital Advisors LLC bought a new position in MidCap Financial Investment during the 4th quarter valued at $655,000. 28.45% of the stock is owned by institutional investors.

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.