MidCap Financial Investment (NASDAQ:MFIC) Issues Earnings Results, Misses Expectations By $0.02 EPS

MidCap Financial Investment (NASDAQ:MFIC) announced its earnings results on Monday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02), Zacks reports. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC traded up $0.41 during mid-day trading on Monday, hitting $12.56. 815,196 shares of the company traded hands, compared to its average volume of 424,390. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock’s fifty day moving average price is $12.20 and its 200-day moving average price is $13.22. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 8.05 and a beta of 1.00. MidCap Financial Investment has a one year low of $10.18 and a one year high of $16.37.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 116.03%.

Analyst Upgrades and Downgrades

MFIC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their target price on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their target price on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average price target of $13.80.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.