Brokerages Set MidCap Financial Investment Corporation (NASDAQ:MFIC) PT at $11.54

MidCap Financial Investment Corporation (NASDAQ:MFIC) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.5357.

Several brokerages have recently issued reports on MFIC. Wall Street Zen downgraded shares of MidCap Financial Investment from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Truist Financial lowered 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 report on Wednesday, March 4th. Wells Fargo & Company lowered their price objective on shares of MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their target price on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Thursday, March 5th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MFIC. Caxton Associates LLP acquired a new position in MidCap Financial Investment during the first quarter worth $166,000. Quantbot Technologies LP acquired a new position in MidCap Financial Investment during the second quarter worth $230,000. NewEdge Advisors LLC boosted its holdings 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 during the last quarter. Jane Street Group LLC acquired a new position in MidCap Financial Investment during the second quarter worth $191,000. Finally, Ameriprise Financial Inc. boosted its holdings in MidCap Financial Investment by 16.6% during the second quarter. Ameriprise Financial Inc. now owns 402,636 shares of the company’s stock worth $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 Stock Down 1.4%

Shares of MFIC stock opened at $11.35 on Tuesday. The firm has a fifty day moving average of $11.02 and a 200-day moving average of $11.46. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53. MidCap Financial Investment has a 12-month low of $9.48 and a 12-month high of $13.51. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.20 and a beta of 0.66.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. The company had revenue of ($1.38) million during the quarter, compared to the consensus estimate of $78.87 million. As a group, equities research analysts predict that MidCap Financial Investment will post 1.36 earnings per share for the current fiscal year.

MidCap Financial Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 10th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.24 annualized dividend and a yield of 10.9%. MidCap Financial Investment’s dividend payout ratio is presently 187.88%.

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.