MidCap Financial Investment Corporation (NASDAQ:MFIC – Get Free Report) hit a new 52-week low during trading on Wednesday. The stock traded as low as $8.31 and last traded at $8.38, with a volume of 55,272 shares traded. The stock had previously closed at $8.42.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada decreased their target price on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating for the company 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. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company reduced their price target 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. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MidCap Financial Investment has an average rating of “Hold” and an average price target of $10.71.
Read Our Latest Stock Analysis on MFIC
MidCap Financial Investment Stock Performance
MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of ($9.12) million for 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%. As a group, sell-side analysts forecast that MidCap Financial Investment Corporation will post 1.49 EPS for the current fiscal year.
MidCap Financial Investment Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Tuesday, September 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 14.8%. The ex-dividend date was Tuesday, September 8th. MidCap Financial Investment’s payout ratio is presently -344.44%.
Institutional Trading of MidCap Financial Investment
Institutional investors have recently added to or reduced their stakes in the business. LB Partners LLC bought a new stake in MidCap Financial Investment in the 1st quarter worth about $112,000. Fifth Third Bancorp bought a new position in MidCap Financial Investment during the first quarter valued at approximately $119,000. World Investment Advisors purchased a new stake in MidCap Financial Investment during the 4th quarter valued at $150,000. Empowered Funds LLC purchased a new position in MidCap Financial Investment in the first quarter worth about $158,000. Finally, Entropy Technologies LP bought a new stake in shares of MidCap Financial Investment during the 1st quarter valued at about $160,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.
MidCap Financial Investment Company Profile
MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in privately negotiated debt securities and, selectively, equity investments.
Its investments generally include senior secured, first-lien and unitranche loans, as well as second-lien loans, subordinated debt and equity interests. MidCap Financial Investment typically works with companies across a range of industries and emphasizes businesses with established operations, recurring cash flow and experienced management teams.
The company invests primarily in the United States and operates as a regulated business development company under the Investment Company Act of 1940.
Featured Articles
- Five stocks we like better than MidCap Financial Investment
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
- How a Hurricane Could Help Some Refineries—and Hurt Others
- Intel Bets on Cheaper AI as Foundry Losses Mount
- Don’t Get NVIDIA’s Reflection AI Interest Wrong: Its Moat Could Deepen
Receive News & Ratings for MidCap Financial Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidCap Financial Investment and related companies with MarketBeat.com's FREE daily email newsletter.
