MidCap Financial Investment Corporation (NASDAQ:MFIC) Stock Has Average Price Target of $11.11

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have earned a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.11.

Several analysts have commented on MFIC shares. Weiss Ratings lowered shares of MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. cut 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 report on Thursday, July 2nd. Wells Fargo & Company reduced their price objective on shares of MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada decreased their target price on shares of MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 12th. Finally, Truist Financial lowered their target price on shares of MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 7th.

MidCap Financial Investment Stock Down 0.2%

Shares of NASDAQ MFIC opened at $8.88 on Friday. MidCap Financial Investment has a 12-month low of $8.79 and a 12-month high of $12.50. The stock’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $10.32. The stock has a market capitalization of $731.45 million, a PE ratio of -24.67 and a beta of 0.61. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 1.58.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%.The firm had revenue of ($9.12) million during the quarter, compared to analyst estimates of $67.80 million. As a group, analysts expect that MidCap Financial Investment will post 1.49 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 14.0%. The ex-dividend date was Tuesday, September 8th. MidCap Financial Investment’s dividend payout ratio is currently -344.44%.

Institutional Trading of MidCap Financial Investment

Institutional investors have recently made changes to their positions in the business. LB Partners LLC acquired a new position in MidCap Financial Investment during the 1st quarter valued at about $112,000. Kingsview Wealth Management LLC acquired a new stake in MidCap Financial Investment in the fourth quarter worth about $115,000. Fifth Third Bancorp purchased a new stake in shares of MidCap Financial Investment during the first quarter worth about $119,000. AlphaCore Capital LLC grew its stake in shares of MidCap Financial Investment by 8.6% during the fourth quarter. AlphaCore Capital LLC now owns 12,914 shares of the company’s stock worth $148,000 after acquiring an additional 1,025 shares during the last quarter. Finally, World Investment Advisors acquired a new position in shares of MidCap Financial Investment during the fourth quarter valued at about $150,000. 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 non-diversified business development company that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans, including first-lien and unitranche facilities, and may also invest in subordinated debt and equity securities.

MFIC seeks to support companies across a range of industries and typically focuses on businesses with established operations and experienced management teams.