MidCap Financial Investment (NASDAQ:MFIC) Issues Earnings Results

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02), Zacks reports. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%.

MidCap Financial Investment Price Performance

NASDAQ:MFIC traded up $0.41 during trading hours on Monday, reaching $12.56. 815,196 shares of the company traded hands, compared to its average volume of 424,390. MidCap Financial Investment has a 1-year low of $10.18 and a 1-year high of $16.37. The stock has a market cap of $1.17 billion, a P/E ratio of 8.05 and a beta of 1.00. The firm's 50-day moving average is $12.20 and its 200-day moving average is $13.22. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio is presently 116.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.80.

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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