MidCap Financial Investment (NASDAQ:MFIC) Shares Gap Up – What’s Next?

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) gapped up before the market opened on Tuesday. The stock had previously closed at $8.36, but opened at $10.20. MidCap Financial Investment shares last traded at $10.2960, with a volume of 1,354,807 shares.

Analyst Ratings Changes

A number of brokerages recently commented on MFIC. Weiss Ratings lowered shares of MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company reduced their price objective on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Raymond James Financial set a $9.50 price objective on MidCap Financial Investment in a report on Thursday. JPMorgan Chase & Co. decreased their target price on 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. Finally, Royal Bank Of Canada lowered their target price on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.54.

MidCap Financial Investment Stock Up 23.3%

The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 1.58. The firm’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $10.30. The firm has a market cap of $848.82 million, a price-to-earnings ratio of -28.65 and a beta of 0.62.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. MidCap Financial Investment had a negative net margin of 9.85% and a positive return on equity of 11.17%. The firm had revenue of ($9.12) million for the quarter, compared to analyst estimates of $67.80 million. On average, equities analysts forecast that MidCap Financial Investment Corporation will post 1.49 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 8th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Tuesday, September 8th. MidCap Financial Investment’s payout ratio is presently -344.44%.

Institutional Investors Weigh In On MidCap Financial Investment

Large investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC raised its stake in MidCap Financial Investment by 1.2% during the second quarter. Confluence Investment Management LLC now owns 118,551 shares of the company’s stock worth $1,195,000 after buying an additional 1,369 shares during the last quarter. Meridian Investment Counsel Inc. lifted its holdings in MidCap Financial Investment by 3.7% in the first quarter. Meridian Investment Counsel Inc. now owns 39,113 shares of the company’s stock valued at $440,000 after buying an additional 1,400 shares during the period. Sigma Planning Corp lifted its holdings in MidCap Financial Investment by 2.4% in the first quarter. Sigma Planning Corp now owns 73,561 shares of the company’s stock valued at $827,000 after buying an additional 1,719 shares during the period. Arete Wealth Advisors LLC lifted its holdings in MidCap Financial Investment by 10.4% in the first quarter. Arete Wealth Advisors LLC now owns 19,133 shares of the company’s stock valued at $215,000 after buying an additional 1,800 shares during the period. Finally, Lido Advisors LLC boosted its position in MidCap Financial Investment by 3.7% during the first quarter. Lido Advisors LLC now owns 67,218 shares of the company’s stock valued at $756,000 after acquiring an additional 2,397 shares during 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 closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in privately negotiated debt and equity securities.

MFIC primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and other investments issued by companies across a range of industries.