MidCap Financial Investment (NASDAQ:MFIC) Reaches New 52-Week Low at $12.27

MidCap Financial Investment Co. (NASDAQ:MFIC) hit a new 52-week low during trading on Monday . The stock traded as low as $12.27 and last traded at $12.45, with a volume of 41485 shares trading hands. The stock had previously closed at $13.39.

Analysts Set New Price Targets

MFIC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Monday. Compass Point raised MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, July 25th. Wells Fargo & Company raised their price target on MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Finally, JPMorgan Chase & Co. reduced their price objective on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.14.

MidCap Financial Investment Stock Performance

The company’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $14.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $852.82 million, a PE ratio of 7.34 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. The company had revenue of $68.33 million during the quarter, compared to analyst estimates of $69.48 million. As a group, equities analysts expect that MidCap Financial Investment Co. will post 1.71 earnings per share for the current year.

MidCap Financial Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Monday, August 5th. MidCap Financial Investment’s payout ratio is 86.86%.

Institutional Trading of MidCap Financial Investment

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of MidCap Financial Investment by 1,268.1% during the fourth quarter. International Assets Investment Management LLC now owns 286,055 shares of the company’s stock valued at $3,913,000 after purchasing an additional 265,146 shares during the last quarter. Graypoint LLC grew its position in shares of MidCap Financial Investment by 2.8% during the fourth quarter. Graypoint LLC now owns 156,184 shares of the company’s stock worth $2,137,000 after acquiring an additional 4,210 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of MidCap Financial Investment by 8.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 181,073 shares of the company’s stock worth $2,477,000 after acquiring an additional 13,562 shares during the period. GraniteShares Advisors LLC bought a new stake in MidCap Financial Investment in the 4th quarter valued at about $1,470,000. Finally, Truist Financial Corp acquired a new position in MidCap Financial Investment during the 4th quarter valued at about $286,000. 28.45% of the stock is owned by institutional investors.

About MidCap Financial Investment

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.