MidCap Financial Investment Corporation (NASDAQ:MFIC) Given Average Recommendation of "Hold" by Analysts

Key Points

• MidCap Financial Investment Corporation has received a consensus rating of "Hold" from analysts, with four holding and two buying recommendations, and an average price target of $13.40.
• The company recently reported $0.39 EPS for its last quarter, exceeding estimates of $0.37, with revenues approximating $81.25 million.
• MidCap Financial announced a quarterly dividend of $0.38, yielding 12.9%, although it has a high payout ratio of 140.74%.

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) have received a consensus recommendation of "Hold" from the six analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.40.

A number of equities analysts recently commented on MFIC shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MidCap Financial Investment in a research note on Saturday, September 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $13.00 price objective on shares of MidCap Financial Investment in a research note on Monday, August 25th. JPMorgan Chase & Co. cut their price objective on MidCap Financial Investment from $12.50 to $12.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lowered MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price objective on the stock. in a research note on Wednesday, July 23rd.

MidCap Financial Investment Trading Down 1.3%

Shares of MFIC stock traded down $0.15 during mid-day trading on Friday, reaching $11.81. 437,347 shares of the stock traded hands, compared to its average volume of 542,238. The stock's fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.51. MidCap Financial Investment has a 1-year low of $10.18 and a 1-year high of $14.74. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.94 and a beta of 1.03. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.49.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%.The firm had revenue of $81.25 million for the quarter, compared to analyst estimates of $81.70 million. On average, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, September 9th. MidCap Financial Investment's payout ratio is currently 140.74%.

Institutional Investors Weigh In On MidCap Financial Investment

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in MidCap Financial Investment by 3.5% in the first quarter. International Assets Investment Management LLC now owns 25,595 shares of the company's stock worth $329,000 after purchasing an additional 876 shares in the last quarter. CW Advisors LLC increased its holdings in MidCap Financial Investment by 3.3% in the first quarter. CW Advisors LLC now owns 29,539 shares of the company's stock worth $380,000 after purchasing an additional 945 shares in the last quarter. NewEdge Advisors LLC increased its holdings in MidCap Financial Investment by 4.3% in the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company's stock worth $308,000 after purchasing an additional 1,000 shares in the last quarter. Accel Wealth Management increased its holdings in shares of MidCap Financial Investment by 8.5% during the first quarter. Accel Wealth Management now owns 13,651 shares of the company's stock valued at $176,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of MidCap Financial Investment by 1.5% during the second quarter. Rockefeller Capital Management L.P. now owns 77,277 shares of the company's stock valued at $975,000 after acquiring an additional 1,111 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.

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