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

MidCap Financial Investment Corporation (NASDAQ:MFIC) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, December 8th will be paid a dividend of $0.31 per share on Tuesday, December 22nd. This represents a $1.24 annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Tuesday, December 8th.

MidCap Financial Investment has a 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 decline. Research 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 Trading Down 0.6%

NASDAQ MFIC opened at $10.27 on Friday. The firm has a market capitalization of $845.97 million, a PE ratio of -28.53 and a beta of 0.59. The business’s 50-day moving average price is $9.10 and its two-hundred day moving average price is $10.24. 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 has a 12 month low of $8.11 and a 12 month high of $12.34.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.56). The company had revenue of $61.98 million for the quarter, compared to the consensus estimate of $64.43 million. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%. On average, analysts expect that MidCap Financial Investment will post 1.49 EPS for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Several large investors have recently added to or reduced their stakes in MFIC. Lido Advisors LLC increased its stake in MidCap Financial Investment by 12.4% in the third quarter. Lido Advisors LLC now owns 78,125 shares of the company’s stock valued at $683,000 after purchasing an additional 8,596 shares in the last quarter. Beverly Hills Private Wealth LLC acquired a new position in shares of MidCap Financial Investment during the third quarter valued at about $227,000. Kestra Advisory Services LLC bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth about $158,000. Commonwealth Equity Services LLC boosted its position in shares of MidCap Financial Investment by 15.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,685 shares of the company’s stock worth $190,000 after purchasing an additional 2,929 shares in the last quarter. Finally, Stiles Financial Services Inc bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth about $91,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

About MidCap Financial Investment

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.