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

Key Points

• Analysts hold a neutral view of MFIC: Nine brokerages give the stock a consensus “Hold” rating, with six holds, two buys and one sell. The average 12-month price target is $11.11, although several firms recently lowered their targets.
• Shares traded near $9.73, down 0.3%, with the stock closer to its one-year low of $9.28 than its high of $13.34. MFIC’s latest quarterly EPS of $0.40 exceeded estimates of $0.37, but reported revenue was negative $9.12 million versus expectations of $67.80 million.
• The company declared a quarterly dividend of $0.31 per share, equating to an annualized $1.24 payout and a 12.7% yield. Institutional investors and hedge funds own approximately 28.45% of MFIC.

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) have received a consensus rating of "Hold" from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.1071.

Several analysts have recently issued reports on MFIC shares. 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. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $10.00 to $9.50 and set a "neutral" rating on the stock in a report on Thursday, July 2nd. Royal Bank Of Canada reduced their price target 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. Weiss Ratings cut 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 MidCap Financial Investment from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, August 7th.

MidCap Financial Investment Trading Down 0.3%

Shares of MFIC stock traded down $0.03 on Monday, hitting $9.73. The stock had a trading volume of 54,018 shares, compared to its average volume of 804,124. The company's 50 day moving average price is $9.79 and its 200-day moving average price is $10.59. MidCap Financial Investment has a 1 year low of $9.28 and a 1 year high of $13.34. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.78 and a quick ratio of 3.78. The firm has a market capitalization of $801.38 million, a P/E ratio of -27.03 and a beta of 0.61.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The company had revenue of ($9.12) million during the quarter, compared to analysts' expectations of $67.80 million. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%. Analysts anticipate that MidCap Financial Investment will post 1.42 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 12.7%. The ex-dividend date is Tuesday, September 8th. MidCap Financial Investment's payout ratio is -344.44%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently modified their holdings of MFIC. UBS Group AG raised its position in shares of MidCap Financial Investment by 19.0% during the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company's stock worth $23,158,000 after acquiring an additional 323,137 shares in the last quarter. Next Capital Management LLC boosted its holdings in MidCap Financial Investment by 26.1% in the first quarter. Next Capital Management LLC now owns 1,871,652 shares of the company's stock valued at $21,037,000 after purchasing an additional 387,303 shares in the last quarter. Millennium Capital Advisors LLC purchased a new position in MidCap Financial Investment in the fourth quarter valued at approximately $655,000. Closed End Fund Advisors Inc. purchased a new position in MidCap Financial Investment in the fourth quarter valued at approximately $2,104,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in MidCap Financial Investment by 730,509.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company's stock worth $47,057,000 after purchasing an additional 4,112,770 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company's stock.

About MidCap Financial Investment

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.

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