Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have received a consensus rating of “Hold” from nine analysts currently covering the stock, according to a report from MarketBeat.com. The analysis reveals that seven investment analysts have rated the stock as a hold, while two have given it a buy rating. The average twelve-month price target among these analysts is set at $12.75.
Recent research reports have highlighted varying outlooks on the company’s stock. On November 10, 2024, Compass Point reaffirmed its “neutral” rating and reduced the target price to $12.25, down from a previous $14.75. Similarly, Keefe, Bruyette & Woods adjusted their price target from $14.00 to $13.00, maintaining a “market perform” rating for the company. Furthermore, JPMorgan Chase & Co. lowered its price target from $12.00 to $11.50 while keeping a “neutral” rating.
On October 8, 2024, Weiss Ratings reaffirmed a “hold (c)” rating for MidCap Financial Investment. Earlier, on October 7, 2024, Raymond James Financial set a target price of $13.50 while rating the stock as “outperform.”
Quarterly Earnings and Dividend Announcement
MidCap Financial Investment recently released its quarterly earnings on November 6, 2024. The company reported earnings of $0.38 per share, which met analysts’ expectations. Revenue for the quarter was reported at $82.58 million, slightly lower than the anticipated $83.56 million. The firm’s net margin stood at 30.79%, with a return on equity of 10.33%. Analysts anticipate that MidCap Financial Investment will achieve earnings of $1.73 per share for the current fiscal year.
In addition to its earnings report, the company declared a quarterly dividend of $0.38 per share, which was paid on December 23, 2024. Shareholders of record as of December 9, 2024 received this dividend, resulting in an annualized dividend of $1.52 and a dividend yield of 13.1%. The ex-dividend date was also set for December 9, 2024. Currently, MidCap Financial Investment’s dividend payout ratio is noted at 143.40%.
Institutional Investments and Stake Changes
Recent activity among institutional investors indicates a dynamic investment landscape for MidCap Financial Investment. Naviter Wealth LLC increased its holdings by 0.4% in the third quarter, now owning 204,109 shares valued at $2,447,000 after acquiring an additional 850 shares. NewEdge Advisors LLC also raised its stake by 4.3% in the second quarter, bringing its total to 24,430 shares worth $308,000 after adding 1,000 shares.
Moreover, ProShare Advisors LLC increased its position by 5.8% in the third quarter, now holding 19,622 shares valued at $235,000. Rockefeller Capital Management L.P. grew its holdings by 1.5% during this period, owning 77,277 shares worth $975,000 following the purchase of 1,111 shares. Lastly, Nomura Asset Management Co. Ltd. raised its stake by 20.6% in the second quarter, now possessing 6,706 shares valued at $85,000.
Currently, institutional investors and hedge funds hold approximately 28.45% of the stock.
Overall, MidCap Financial Investment Corporation continues to navigate a complex financial environment while maintaining a focus on providing financing solutions to middle-market companies across the United States.
