MidCap Financial Investment Corporation (MFIC) to Issue Quarterly Dividend of $0.31 on June 25th

MidCap Financial Investment Corporation (NASDAQ:MFIC) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 9th will be paid a dividend of 0.31 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Tuesday, June 9th.

MidCap Financial Investment has decreased its dividend payment by an average of 0.0%per year over the last three years. MidCap Financial Investment has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect MidCap Financial Investment to earn $1.27 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 97.6%.

MidCap Financial Investment Stock Performance

Shares of MFIC opened at $10.48 on Friday. The company’s 50 day moving average price is $11.25 and its 200 day moving average price is $11.29. MidCap Financial Investment has a 52 week low of $9.48 and a 52 week high of $13.51. The company has a market capitalization of $863.24 million, a PE ratio of 262.07 and a beta of 0.59. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. The firm had revenue of ($17.79) million for the quarter, compared to the consensus estimate of $74.62 million. Research analysts expect that MidCap Financial Investment will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MFIC shares. Keefe, Bruyette & Woods lowered their price objective on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Truist Financial decreased their target price on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Royal Bank Of Canada decreased their target price on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.54.

MidCap Financial Investment Company Profile

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.