MidCap Financial Investment (NASDAQ:MFIC) Hits New 52-Week Low – Time to Sell?

MidCap Financial Investment Co. (NASDAQ:MFIC) shares hit a new 52-week low on Friday . The stock traded as low as $11.60 and last traded at $11.64, with a volume of 661106 shares. The stock had previously closed at $12.49.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.60.

MidCap Financial Investment Trading Down 7.9 %

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 market cap of $1.08 billion, a PE ratio of 7.37 and a beta of 1.13. The firm’s 50 day moving average is $13.56 and its 200 day moving average is $13.56.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, equities analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 13.22%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 116.03%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MFIC. Nomura Asset Management Co. Ltd. grew its stake in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $35,000. Allworth Financial LP grew its position in MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after acquiring an additional 1,699 shares in the last quarter. Entropy Technologies LP bought a new position in MidCap Financial Investment in the fourth quarter valued at $155,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in MidCap Financial Investment during the fourth quarter valued at about $156,000. 28.45% of the stock is currently owned by institutional investors.

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.