MidCap Financial Investment Corporation (MFIC) To Go Ex-Dividend on September 8th

MidCap Financial Investment Corporation (NASDAQ:MFIC) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.31 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Tuesday, September 8th.

MidCap Financial Investment has decreased its dividend payment by an average of 0.0%annually over the last three years. MidCap Financial Investment has a dividend payout ratio of 82.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect MidCap Financial Investment to earn $1.23 per share next year, which means the company may not be able to cover its $1.24 annual dividend with an expected future payout ratio of 100.8%.

MidCap Financial Investment Stock Up 0.2%

MidCap Financial Investment stock opened at $9.62 on Friday. The business’s 50-day simple moving average is $9.75 and its two-hundred day simple moving average is $10.48. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78. The company has a market cap of $792.43 million, a PE ratio of -26.72 and a beta of 0.61. MidCap Financial Investment has a fifty-two week low of $9.28 and a fifty-two week high of $13.19.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Wednesday, August 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $67.80 million. Equities analysts anticipate that MidCap Financial Investment will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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 note on Thursday, July 2nd. Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada lowered their price target on shares of MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings lowered MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Truist Financial decreased their price objective on MidCap Financial Investment from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.11.

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.