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

Key Points

• Analysts maintain a “Hold” consensus on MidCap Financial Investment, with six hold, one sell, and one buy rating among eight firms. The average 12-month price target is $10.71, although several firms recently lowered their targets.
• MFIC shares fell 0.7% to $8.38, near the stock’s 52-week low of $8.31. Institutional investors own 28.45% of the company, with Wellington Management recently purchasing a $10.9 million position.
• The company reported quarterly EPS of $0.40, exceeding the $0.37 consensus estimate, and declared a quarterly dividend of $0.31 per share. The annualized dividend of $1.24 implies a high 14.8% yield.

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) have been given a consensus recommendation of "Hold" by the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.71.

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

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors have recently bought and sold shares of the business. Confluence Investment Management LLC increased its holdings in shares of MidCap Financial Investment by 6.7% during the 3rd quarter. Confluence Investment Management LLC now owns 126,539 shares of the company's stock worth $1,106,000 after acquiring an additional 7,988 shares during the last quarter. Cidel Asset Management Inc. acquired a new stake in MidCap Financial Investment during the 2nd quarter valued at $507,000. Camelot Portfolios LLC lifted its holdings in MidCap Financial Investment by 8.6% during the 2nd quarter. Camelot Portfolios LLC now owns 62,646 shares of the company's stock valued at $631,000 after purchasing an additional 4,961 shares during the last quarter. Headlands Technologies LLC lifted its holdings in MidCap Financial Investment by 304.1% during the 2nd quarter. Headlands Technologies LLC now owns 51,819 shares of the company's stock valued at $522,000 after purchasing an additional 38,995 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in MidCap Financial Investment during the second quarter worth $10,869,000. Institutional investors and hedge funds own 28.45% of the company's stock.

MidCap Financial Investment Stock Down 0.7%

Shares of MidCap Financial Investment stock traded down $0.06 during trading hours on Tuesday, reaching $8.38. 51,990 shares of the company's stock were exchanged, compared to its average volume of 757,433. The stock has a market cap of $690.29 million, a P/E ratio of -23.28 and a beta of 0.62. The company has a 50 day moving average of $9.27 and a two-hundred day moving average of $10.16. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 1.58. MidCap Financial Investment has a fifty-two week low of $8.31 and a fifty-two week high of $12.50.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of ($9.12) million for the quarter, compared to analysts' expectations of $67.80 million. On average, sell-side analysts forecast that MidCap Financial Investment will post 1.49 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Tuesday, September 8th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, September 8th. This represents a $1.24 dividend on an annualized basis and a yield of 14.8%. MidCap Financial Investment's dividend payout ratio (DPR) is presently -344.44%.

About MidCap Financial Investment

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.

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