MidCap Financial Investment Co. (NASDAQ:MFIC) Receives Average Recommendation of “Moderate Buy” from Analysts

MidCap Financial Investment Co. (NASDAQ:MFIC) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.71.

MFIC has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research report on Tuesday, November 19th.

Institutional Trading of MidCap Financial Investment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. lifted its stake in MidCap Financial Investment by 71.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after acquiring an additional 809 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in MidCap Financial Investment by 4.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock valued at $294,000 after acquiring an additional 837 shares during the period. Muzinich & Co. Inc. lifted its stake in MidCap Financial Investment by 0.5% during the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock valued at $2,499,000 after acquiring an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in MidCap Financial Investment by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after acquiring an additional 946 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in MidCap Financial Investment by 4.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock valued at $354,000 after acquiring an additional 1,025 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Down 0.6 %

Shares of MidCap Financial Investment stock opened at $14.10 on Friday. The firm’s 50 day moving average price is $13.54 and its 200-day moving average price is $14.23. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The company has a market cap of $1.32 billion, a P/E ratio of 9.04 and a beta of 1.49.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 10.78%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s payout ratio is 97.44%.

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.