MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives $11.54 Consensus Target Price from Analysts

MidCap Financial Investment Corporation (NASDAQ:MFIC) has received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $11.5357.

A number of research firms recently commented on MFIC. Keefe, Bruyette & Woods lowered their price target on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Thursday, January 22nd. Truist Financial cut 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, March 4th. Finally, Royal Bank Of Canada reduced their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 5th.

MidCap Financial Investment Stock Performance

MFIC opened at $10.79 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.65 and a quick ratio of 6.65. The business has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $11.53. MidCap Financial Investment has a 1 year low of $9.48 and a 1 year high of $13.51. The company has a market capitalization of $994.95 million, a PE ratio of 16.35 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 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of ($1.38) million for the quarter, compared to analysts’ expectations of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. Research analysts expect that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend was Tuesday, March 10th. MidCap Financial Investment’s dividend payout ratio is 187.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MFIC. Northwestern Mutual Wealth Management Co. lifted its position in MidCap Financial Investment by 730,509.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after purchasing an additional 4,112,770 shares during the period. Next Capital Management LLC grew its stake in MidCap Financial Investment by 84.9% during the third quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after buying an additional 616,184 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in MidCap Financial Investment in the 4th quarter valued at about $4,741,000. North Ground Capital raised its position in shares of MidCap Financial Investment by 160.5% in the 4th quarter. North Ground Capital now owns 651,326 shares of the company’s stock valued at $7,451,000 after buying an additional 401,326 shares in the last quarter. Finally, UBS Group AG raised its position in shares of MidCap Financial Investment by 19.0% in the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock valued at $23,158,000 after buying an additional 323,137 shares in 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.