MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on MidCap Financial Investment, with six holds, two buys and one sell; the average 12-month price target is $11.11.
• Several firms recently cut their price targets, including Wells Fargo to $9.00, Truist to $12.00 and RBC to $10.00. MFIC shares recently traded at $9.09, near their 12-month low of $8.97.
• The company reported quarterly EPS of $0.40, beating estimates of $0.37, and declared a quarterly dividend of $0.31 per share, representing an annualized yield of approximately 13.6%.

MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) has received an average rating of "Hold" from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $11.1071.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. LB Partners LLC bought a new position in MidCap Financial Investment in the 1st quarter valued at about $112,000. Kingsview Wealth Management LLC bought a new position in MidCap Financial Investment during the fourth quarter valued at $115,000. Fifth Third Bancorp purchased a new stake in MidCap Financial Investment in the 1st quarter worth about $119,000. AlphaCore Capital LLC raised its position in shares of MidCap Financial Investment by 8.6% in the fourth quarter. AlphaCore Capital LLC now owns 12,914 shares of the company's stock valued at $148,000 after purchasing an additional 1,025 shares during the period. Finally, World Investment Advisors purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth $150,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock traded down $0.14 during mid-day trading on Friday, reaching $9.09. 58,234 shares of the company were exchanged, compared to its average volume of 768,983. The firm has a market cap of $748.33 million, a PE ratio of -25.25 and a beta of 0.61. The company has a fifty day simple moving average of $9.60 and a 200-day simple moving average of $10.37. MidCap Financial Investment has a 12 month low of $8.97 and a 12 month high of $12.50. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.78 and a quick ratio of 3.78.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The company had revenue of ($9.12) million during the quarter, compared to the consensus estimate of $67.80 million. MidCap Financial Investment had a negative net margin of 9.85% and a positive return on equity of 11.17%. As a group, equities research analysts expect that MidCap Financial Investment will post 1.49 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, September 8th. MidCap Financial Investment's dividend payout ratio is -344.44%.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation NASDAQ: MFIC is a non-diversified business development company that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans, including first-lien and unitranche facilities, and may also invest in subordinated debt and equity securities.

MFIC seeks to support companies across a range of industries and typically focuses on businesses with established operations and experienced management teams.

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