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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.5357.

MFIC has been the topic of several research reports. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Truist Financial dropped their price objective on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Finally, Wall Street Zen cut shares of MidCap Financial Investment from a “hold” rating to a “sell” rating in a report on Saturday, March 14th.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC opened at $11.24 on Friday. The stock has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $11.51. The stock has a market cap of $1.04 billion, a P/E ratio of 17.03 and a beta of 0.78. MidCap Financial Investment has a 1-year low of $9.48 and a 1-year high of $13.51. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 1.53.

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

MidCap Financial Investment Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 10th were given a $0.31 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.0%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 187.88%.

Institutional Investors Weigh In On MidCap Financial Investment

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