
MFIC Stock Forecast & Price Target
MFIC Analyst Ratings
Bulls say
MidCap Financial Investment Corp has demonstrated a positive shift in its financial performance, evidenced by an increase in average spreads on new investments, which rose to 538 basis points in the latest quarter compared to 513 basis points in the previous quarter. Additionally, the company's net leverage has maintained stability with a net debt/equity ratio of 1.44x, slightly above estimates and showing a sequential increase from 1.31x in the prior quarter, while gross leverage also saw a sequential rise to 1.49x. Management forecasts slight positive net asset value (NAV) accretion in the third quarter due to mark-to-market adjustments, suggesting a potential increase of approximately 6 cents per share annually, indicating a favorable outlook for the company's long-term growth trajectory.
Bears say
MidCap Financial's net asset value (NAV) per share experienced a decline to $14.75, which represents a decrease both from the prior quarter and the estimated value of $14.93. The company's downside scenario suggests a potential valuation of $8, highlighting concerns over a 1.2x debt/equity leverage ratio, expected credit losses of 3%, and a decrease in average asset yield by approximately 50 basis points. Additionally, the NAV was adversely affected by 20 cents per share due to realized and unrealized losses, primarily from 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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