Brokerages Set MidCap Financial Investment Co. (NASDAQ:MFIC) Target Price at $14.71

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.71.

Several research firms have recently commented on MFIC. Wells Fargo & Company reduced their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $13.65 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.36. The company has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $14.01. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.75 and a beta of 1.49.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MFIC. JPMorgan Chase & Co. lifted its stake in shares of MidCap Financial Investment by 273.7% in the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock worth $1,897,000 after acquiring an additional 103,741 shares in the last quarter. Franklin Resources Inc. increased its holdings in MidCap Financial Investment by 32.4% during the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after purchasing an additional 93,972 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment in the 3rd quarter valued at approximately $35,000. Barclays PLC boosted its stake in shares of MidCap Financial Investment by 190,106.2% during the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock valued at $1,656,000 after buying an additional 123,569 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

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.