MidCap Financial Investment (MFIC) is expected to report quarterly results on Thursday
MidCap Financial Investment (NASDAQ: MFIC – Get a rating) is expected to report earnings after the market closes on Thursday, November 3. Analysts expect MidCap Financial Investment to post earnings of $0.36 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
MidCap Financial Investment (NASDAQ: MFIC – Get a rating) last announced its results on Tuesday, August 2. The company reported earnings per share (EPS) of $0.37 for the quarter, beating analyst consensus estimates of $0.34 by $0.03. MidCap Financial Investment achieved a net margin of 25.87% and a return on equity of 9.28%. The company posted revenue of $53.40 million for the quarter, versus analyst estimates of $53.82 million. On average, analysts expect MidCap Financial Investment to post EPS of $1 for the current fiscal year and EPS of $2 for the next fiscal year.
MidCap Financial Investment Price Performance
IMFC opened at $10.91 on Thursday. The company has a debt ratio of 1.62, a current ratio of 1.56 and a quick ratio of 1.56. The company’s 50-day moving average is $11.79. MidCap Financial Investment has a 1-year low of $10.01 and a 1-year high of $13.99. The company has a market capitalization of $692.99 million, a PE ratio of 12.54 and a beta of 1.66.
MidCap Financial Investment Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 11. Shareholders of record on Tuesday, September 20 received a dividend of $0.32 per share. This represents an annualized dividend of $1.28 and a dividend yield of 11.73%. The ex-dividend date was Monday, September 19. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 147.13%.
Changes to analyst ratings
Separately, Wells Fargo & Company cut its price target on shares of MidCap Financial Investment from $13.50 to $12.50 and set an “overweight” rating on the stock in a research report on Monday.
MidCap Financial Investment Company Profile
Apollo Investment Corporation is a non-diversified, externally managed closed-end business development and investment company. It is elected to be treated as a business development company (BDC) under the Investment Companies Act 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions , recapitalizations, growth capital, refinancing and middle market private companies.
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