MidCap Financial Investment Corporation (NASDAQ:MFIC) Given Average Recommendation of “Hold” by Brokerages

MidCap Financial Investment Corporation (NASDAQ:MFIC) has received an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.75.

Several equities analysts recently issued reports on MFIC shares. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company reissued an “equal weight” rating and set a $11.00 price objective (down from $13.00) on shares of MidCap Financial Investment in a research report on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Keefe, Bruyette & Woods lowered their target price on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th.

MidCap Financial Investment Price Performance

MFIC opened at $9.86 on Monday. The stock has a market cap of $919.47 million, a P/E ratio of 14.94 and a beta of 0.78. MidCap Financial Investment has a 12 month low of $9.48 and a 12 month high of $13.93. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $11.28 and a 200 day simple moving average of $11.87.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Thursday, February 26th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of ($1.38) million during the quarter, compared to analysts’ expectations of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. On average, research analysts expect that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Tuesday, March 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 230.30%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its position in MidCap Financial Investment by 167.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after purchasing an additional 1,871 shares in the last quarter. Advocate Investing Services LLC acquired a new position in shares of MidCap Financial Investment during the 4th quarter worth about $36,000. Physician Wealth Advisors Inc. bought a new position in shares of MidCap Financial Investment in the 3rd quarter valued at about $42,000. Financial Consulate Inc. acquired a new stake in shares of MidCap Financial Investment in the third quarter valued at about $46,000. Finally, State of Alaska Department of Revenue bought a new stake in MidCap Financial Investment during the third quarter worth about $46,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Company Profile

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.