MidCap Financial Investment (MFIC) Scheduled to Announce Earnings on Tuesday

MidCap Financial Investment (NASDAQ:MFIC) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect MidCap Financial Investment to post earnings of $0.43 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Monday, February 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. MidCap Financial Investment had a return on equity of 15.50% and a net margin of 42.95%. The firm had revenue of $71.95 million during the quarter, compared to the consensus estimate of $68.44 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, analysts expect MidCap Financial Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MidCap Financial Investment Trading Up 0.5 %

MFIC opened at $15.26 on Tuesday. The company has a market cap of $995.72 million, a P/E ratio of 8.38 and a beta of 1.47. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $14.77 and its 200-day moving average is $13.97. MidCap Financial Investment has a 1-year low of $10.78 and a 1-year high of $15.38.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.52 dividend on an annualized basis and a yield of 9.96%. MidCap Financial Investment’s dividend payout ratio is currently 83.52%.

Wall Street Analyst Weigh In

MFIC has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Citigroup increased their target price on MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Wells Fargo & Company boosted their price target on MidCap Financial Investment from $13.00 to $14.50 and gave the stock an “overweight” rating in a report on Monday, January 29th. Royal Bank of Canada raised their price objective on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Finally, Truist Financial upped their price target on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment presently has an average rating of “Moderate Buy” and a consensus price target of $14.79.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.