
MFIC Stock Forecast & Price Target
MFIC Analyst Ratings
Bulls say
MidCap Financial Investment Corp has demonstrated an increase in average spreads on new investments, rising to 538 basis points in the latest quarter, compared to 513 basis points in the previous quarter, indicating improved yield opportunities. Additionally, the company's net debt-to-equity ratio has slightly increased to 1.44x from 1.31x in the prior quarter, while gross leverage remained stable at 1.49x, which aligns with the prior estimates. Management anticipates slight positive net asset value (NAV) accretion due to mark-to-market adjustments in the third quarter, projecting approximately 6 cents per share in annual improvement, further supporting the optimistic outlook for the stock.
Bears say
MidCap Financial Investment Corp reported a net asset value (NAV) per share of $14.75, which represents a decrease from both the previous quarter and the company's own estimate of $14.93 per share. The company faces potential challenges, including an expected 1.2x debt/equity leverage ratio, incremental credit losses of 3% in its portfolio, and a projected 50 basis points decrease in average asset yield. Additionally, the NAV faced a drag of $0.20 per share due to realized and unrealized losses, primarily driven by a $0.27 per share decline in the direct origination portfolio.
This aggregate rating is based on analysts' research of MidCap Financial Investment Corp and is not a guaranteed prediction by Public.com or investment advice.
MFIC Analyst Forecast & Price Prediction
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