MidCap Financial Investment (NASDAQ:MFIC) Reaches New 1-Year Low – What’s Next?

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.47 and last traded at $9.5450, with a volume of 254316 shares. The stock had previously closed at $9.78.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. 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. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.46.

MidCap Financial Investment Stock Down 0.2%

The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $789.93 million, a price-to-earnings ratio of 239.41 and a beta of 0.60. The stock has a 50 day moving average of $10.24 and a 200 day moving average of $10.87.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. As a group, analysts expect that MidCap Financial Investment Corporation will post 1.38 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors 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 12.9%. The ex-dividend date of this dividend was Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio is currently 3,100.00%.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in MidCap Financial Investment by 167.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after purchasing an additional 1,871 shares during the last quarter. Advocate Investing Services LLC acquired a new position in shares of MidCap Financial Investment in the 4th quarter valued at about $36,000. BNP Paribas Financial Markets acquired a new position in shares of MidCap Financial Investment in the 3rd quarter valued at about $55,000. Kestra Advisory Services LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter valued at about $109,000. Finally, LB Partners LLC bought a new stake in shares of MidCap Financial Investment during the 1st quarter valued at about $112,000. 28.45% of the stock is currently 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.