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

MidCap Financial Investment Corporation (NASDAQ:MFIC) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.4643.

MFIC has been the topic of a number of recent research reports. Weiss Ratings lowered MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd.

MidCap Financial Investment Stock Down 1.8%

MidCap Financial Investment stock opened at $9.64 on Friday. The company has a market capitalization of $794.05 million, a P/E ratio of 241.06 and a beta of 0.60. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42. MidCap Financial Investment has a fifty-two week low of $9.48 and a fifty-two week high of $13.51. The stock has a 50-day simple moving average of $10.54 and a 200-day simple moving average of $10.96.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of ($17.79) million during the quarter, compared to analysts’ expectations of $74.62 million. Equities research analysts expect that MidCap Financial Investment will post 1.38 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 12.9%. The ex-dividend date was Tuesday, June 9th. MidCap Financial Investment’s payout ratio is presently 3,100.00%.

Institutional Trading of MidCap Financial Investment

Several hedge funds and other institutional investors have recently made changes to their positions in MFIC. Caxton Associates LLP purchased a new stake in shares of MidCap Financial Investment during the 1st quarter worth approximately $166,000. Quantbot Technologies LP purchased a new stake in MidCap Financial Investment during the second quarter worth $230,000. NewEdge Advisors LLC boosted its position in MidCap Financial Investment by 4.3% during the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock worth $308,000 after purchasing an additional 1,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in MidCap Financial Investment in the second quarter valued at $191,000. Finally, Ameriprise Financial Inc. grew its holdings in MidCap Financial Investment by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 402,636 shares of the company’s stock valued at $5,081,000 after purchasing an additional 57,406 shares during the last quarter. 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.