MidCap Financial Investment (MFIC) Scheduled to Post Earnings on Thursday

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. The business had revenue of $69.16 million for the quarter, compared to analysts' expectations of $68.02 million. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. During the same period last year, the firm posted $0.44 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 Price Performance

NASDAQ MFIC traded down $0.05 during trading on Thursday, hitting $13.37. 197,037 shares of the company's stock were exchanged, compared to its average volume of 320,212. The stock's 50 day moving average price is $13.54 and its two-hundred day moving average price is $14.50. MidCap Financial Investment has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The company has a market cap of $1.25 billion, a PE ratio of 7.85 and a beta of 1.50.

MidCap Financial Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were issued a dividend of $0.38 per share. This is an increase from MidCap Financial Investment's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.52 annualized dividend and a dividend yield of 11.37%. MidCap Financial Investment's dividend payout ratio (DPR) is 88.89%.

Analyst Upgrades and Downgrades

MFIC has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods upgraded shares of MidCap Financial Investment from a "market perform" rating to an "outperform" rating and set a $15.00 price target on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, July 29th. Finally, Compass Point raised MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 target price for the company in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.86.

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.