MidCap Financial Investment Corp (NASDAQ: MFIC) has reported E.P.S. of $0.35 for its second fiscal quarter (ending June 30) versus $0.39 for the same period a year ago — a decline of -10%. This result fell short of the consensus estimate of $0.43 by $-0.08. For the latest four quarters through June 30, E.P.S. were $1.71 compared to $1.12 a year ago — an increase of 53%.
Recent Price Action
MidCap Financial Investment Corp (NASDAQ: MFIC) stock closed at $13.02 on 8/7/24 after a slight decline of -0.8%. Moreover, above average trading volume at 127% of normal accompanied the decline. The stock has declined -9.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MFIC is expected to continue to be a Value Builder.
MidCap Financial Investment has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. MidCap Financial Investment has a slightly positive Power Rating of 64 and a slightly positive Appreciation Score of 67, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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