MidCap Financial Investment (NASDAQ:MFIC) Sets New 1-Year Low – What’s Next?

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.03 and last traded at $10.0240, with a volume of 1522666 shares changing hands. The stock had previously closed at $10.53.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MFIC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Keefe, Bruyette & Woods lowered their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. reduced their price target on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $11.00 price objective (down from $13.00) on shares of MidCap Financial Investment in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, MidCap Financial Investment presently has a consensus rating of “Hold” and an average price target of $12.75.

MidCap Financial Investment Stock Down 5.9%

The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. The stock has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $11.91. The firm has a market cap of $924.60 million, a PE ratio of 9.38 and a beta of 0.77.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of ($1.38) million for the quarter, compared to analyst estimates of $78.87 million. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%. Analysts expect that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current year.

MidCap Financial Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Tuesday, March 10th. MidCap Financial Investment’s payout ratio is presently 143.40%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of large investors have recently added to or reduced their stakes in MFIC. Sound Income Strategies LLC lifted its position in MidCap Financial Investment by 167.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after purchasing an additional 1,871 shares during the last quarter. Advocate Investing Services LLC bought a new stake in MidCap Financial Investment in the 4th quarter worth $36,000. Physician Wealth Advisors Inc. purchased a new position in shares of MidCap Financial Investment in the third quarter valued at about $42,000. Financial Consulate Inc. bought a new position in shares of MidCap Financial Investment during the third quarter valued at about $46,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of MidCap Financial Investment during the third quarter worth about $46,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

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.