Analysts Set MidCap Financial Investment Corporation (NASDAQ:MFIC) Target Price at $11.54

Shares of MidCap Financial Investment Corporation (NASDAQ:MFICGet Free Report) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.5357.

MFIC has been the subject of several research analyst reports. Truist Financial cut their target price on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Wells Fargo & Company cut their target price on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Royal Bank Of Canada cut their target price on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Weiss Ratings cut MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods cut their target price on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a research report on Tuesday, March 10th.

Read Our Latest Stock Report on MFIC

Institutional Trading of MidCap Financial Investment

Several institutional investors have recently made changes to their positions in MFIC. Naviter Wealth LLC boosted its stake in MidCap Financial Investment by 0.4% during the third quarter. Naviter Wealth LLC now owns 204,109 shares of the company’s stock valued at $2,447,000 after buying an additional 850 shares during the last quarter. NewEdge Advisors LLC boosted its stake in MidCap Financial Investment by 4.3% during the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock valued at $308,000 after buying an additional 1,000 shares during the last quarter. AlphaCore Capital LLC boosted its stake in MidCap Financial Investment by 8.6% during the fourth quarter. AlphaCore Capital LLC now owns 12,914 shares of the company’s stock valued at $148,000 after buying an additional 1,025 shares during the last quarter. ProShare Advisors LLC boosted its stake in MidCap Financial Investment by 5.8% during the third quarter. ProShare Advisors LLC now owns 19,622 shares of the company’s stock valued at $235,000 after buying an additional 1,076 shares during the last quarter. Finally, Camelot Portfolios LLC boosted its stake in MidCap Financial Investment by 2.2% during the third quarter. Camelot Portfolios LLC now owns 63,262 shares of the company’s stock valued at $759,000 after buying an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $10.17 on Wednesday. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59. The business has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $11.24. The stock has a market cap of $837.70 million, a price-to-earnings ratio of 254.31 and a beta of 0.60. MidCap Financial Investment has a 52 week low of $9.48 and a 52 week high of $13.51.

MidCap Financial Investment (NASDAQ:MFICGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. MidCap Financial Investment had a return on equity of 10.86% and a net margin of 1.90%.The firm had revenue of ($17.79) million during the quarter, compared to analysts’ expectations of $74.62 million. On average, analysts expect that MidCap Financial Investment will post 1.38 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, June 9th. This represents a $1.24 annualized dividend and a dividend yield of 12.2%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 3,100.00%.

MidCap Financial Investment Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for MidCap Financial Investment (NASDAQ:MFIC)

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