MidCap Financial Investment Corporation (NASDAQ:MFIC – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.31 per share on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Tuesday, September 8th.
MidCap Financial Investment has decreased its dividend payment by an average of 0.0%per year over the last three years. MidCap Financial Investment has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect MidCap Financial Investment to earn $1.22 per share next year, which means the company may not be able to cover its $1.24 annual dividend with an expected future payout ratio of 101.6%.
MidCap Financial Investment Trading Up 2.4%
Shares of MidCap Financial Investment stock opened at $9.71 on Friday. The business has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $10.71. MidCap Financial Investment has a fifty-two week low of $9.28 and a fifty-two week high of $13.34. The firm has a market cap of $799.84 million, a price-to-earnings ratio of 242.81 and a beta of 0.61. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59.
Analyst Ratings Changes
Several analysts recently commented on MFIC shares. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. decreased their target price on MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.46.
View Our Latest Research Report on MidCap Financial Investment
About MidCap Financial Investment
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.
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