MidCap Financial Investment Co. (NASDAQ:MFIC) Announces Quarterly Dividend of $0.38

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Tuesday, June 11th will be paid a dividend of 0.38 per share on Thursday, June 27th. This represents a $1.52 annualized dividend and a yield of 9.87%. The ex-dividend date is Tuesday, June 11th.

MidCap Financial Investment has a dividend payout ratio of 93.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities analysts expect MidCap Financial Investment to earn $1.63 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 93.3%.

MidCap Financial Investment Stock Up 0.9 %

MFIC traded up $0.13 during mid-day trading on Thursday, reaching $15.40. 199,448 shares of the stock were exchanged, compared to its average volume of 231,398. MidCap Financial Investment has a 1 year low of $11.21 and a 1 year high of $15.55. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.43 and a current ratio of 4.43. The stock has a market capitalization of $1.00 billion, a PE ratio of 8.46 and a beta of 1.45. The company has a 50 day moving average price of $14.92 and a two-hundred day moving average price of $14.08.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $71.95 million during the quarter, compared to analyst estimates of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same quarter last year, the business posted $0.43 EPS. As a group, research analysts anticipate that MidCap Financial Investment will post 1.72 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on MFIC. Wells Fargo & Company increased their price target on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an "overweight" rating in a research report on Monday, January 29th. Truist Financial upped their price target on MidCap Financial Investment from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Royal Bank of Canada upped their price objective on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a "sector perform" rating in a report on Wednesday, February 28th. Finally, Citigroup lifted their target price on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.79.

About MidCap Financial Investment

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.