Brokerages Set MidCap Financial Investment Corporation (NASDAQ:MFIC) Price Target at $12.75

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.25.

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their price objective on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Monday. Truist Financial dropped their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Zacks Research upgraded MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $10.66 on Monday. The business’s 50-day moving average price is $11.21 and its 200 day moving average price is $11.83. 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 has a twelve month low of $9.48 and a twelve month high of $13.51. The company has a market capitalization of $982.96 million, a PE ratio of 16.15 and a beta of 0.78.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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. On average, research analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current year.

MidCap Financial Investment Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, March 10th. MidCap Financial Investment’s payout ratio is 230.30%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC lifted its holdings in shares of MidCap Financial Investment by 167.4% during the 4th quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after acquiring an additional 1,871 shares in the last quarter. Advocate Investing Services LLC purchased a new position in MidCap Financial Investment in the fourth quarter valued at about $36,000. Physician Wealth Advisors Inc. acquired a new position in shares of MidCap Financial Investment during the third quarter worth about $42,000. Financial Consulate Inc. purchased a new stake in shares of MidCap Financial Investment in the third quarter worth about $46,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of MidCap Financial Investment in the third quarter worth about $46,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

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.