MidCap Financial Investment Corporation (NASDAQ:MFIC) Stock Has Average Target Price of $10.71 According to Brokerages

MidCap Financial Investment Corporation (NASDAQ:MFIC) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.71.

MFIC has been the topic of several recent research reports. Weiss Ratings downgraded shares of MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. dropped their price target on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada cut their price objective on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 12th. Truist Financial cut their price objective on MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Wells Fargo & Company reduced their price objective on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th.

MidCap Financial Investment Trading Down 1.4%

MFIC opened at $8.22 on Tuesday. MidCap Financial Investment has a 52 week low of $8.14 and a 52 week high of $12.50. The business has a fifty day simple moving average of $9.14 and a 200-day simple moving average of $10.06. The firm has a market cap of $677.08 million, a P/E ratio of -22.83 and a beta of 0.62. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 1.58.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that MidCap Financial Investment will post 1.49 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Tuesday, September 8th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 15.1%. The ex-dividend date of this dividend was Tuesday, September 8th. MidCap Financial Investment’s payout ratio is presently -344.44%.

Institutional Trading of MidCap Financial Investment

Several hedge funds have recently added to or reduced their stakes in MFIC. LB Partners LLC acquired a new position in MidCap Financial Investment during the 1st quarter worth approximately $112,000. Fifth Third Bancorp acquired a new stake in shares of MidCap Financial Investment in the 1st quarter valued at $119,000. World Investment Advisors acquired a new stake in shares of MidCap Financial Investment in the 4th quarter valued at $150,000. Empowered Funds LLC purchased a new stake in shares of MidCap Financial Investment during the 1st quarter worth $158,000. Finally, Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment during the 1st quarter worth $160,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in privately negotiated debt securities and, selectively, equity investments.

Its investments generally include senior secured, first-lien and unitranche loans, as well as second-lien loans, subordinated debt and equity interests. MidCap Financial Investment typically works with companies across a range of industries and emphasizes businesses with established operations, recurring cash flow and experienced management teams.

The company invests primarily in the United States and operates as a regulated business development company under the Investment Company Act of 1940.