MidCap Financial Investment (NASDAQ:MFIC) Releases Quarterly Earnings Results, Hits Expectations

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) posted its earnings results on Tuesday. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40, Zacks reports. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%.

MidCap Financial Investment Stock Up 0.5 %

MidCap Financial Investment stock traded up $0.07 during midday trading on Friday, hitting $13.78. 636,107 shares of the stock were exchanged, compared to its average volume of 361,210. MidCap Financial Investment has a 1 year low of $12.26 and a 1 year high of $16.36. The firm has a market cap of $1.29 billion, a P/E ratio of 8.83 and a beta of 1.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The company has a 50 day moving average price of $13.83 and a two-hundred day moving average price of $13.69.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.03%. The ex-dividend date is Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is 116.03%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MFIC. Wells Fargo & Company reduced their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday. Royal Bank of Canada restated a "sector perform" rating and set a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of "Moderate Buy" and an average price target of $14.60.

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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.