MidCap Financial Investment (MFIC) to Release Quarterly Earnings on Tuesday

MidCap Financial Investment (NASDAQ:MFIC) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect MidCap Financial Investment to post earnings of $0.43 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Monday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. The company had revenue of $71.95 million for the quarter, compared to analyst estimates of $68.44 million. During the same quarter last year, the business earned $0.43 earnings per share. On average, analysts expect MidCap Financial Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MidCap Financial Investment Trading Up 0.4 %

Shares of MidCap Financial Investment stock opened at $15.26 on Friday. The firm has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $14.02. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.43 and a current ratio of 4.43. MidCap Financial Investment has a fifty-two week low of $11.03 and a fifty-two week high of $15.40. The company has a market cap of $995.72 million, a P/E ratio of 8.38 and a beta of 1.45.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 9.96%. MidCap Financial Investment’s dividend payout ratio is presently 83.52%.

Analyst Ratings Changes

Several analysts have commented on MFIC shares. JPMorgan Chase & Co. raised their price objective on MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Citigroup boosted their price target on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their price objective on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Wells Fargo & Company lifted their target price on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada upped their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.79.

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.