Brokerages Set MidCap Financial Investment Co. (NASDAQ:MFIC) Price Target at $15.00

MidCap Financial Investment Co. (NASDAQ:MFIC) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

Several brokerages recently issued reports on MFIC. Wells Fargo & Company cut their price objective on MidCap Financial Investment from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Compass Point upgraded MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, July 25th.

Institutional Trading of MidCap Financial Investment

A number of large investors have recently added to or reduced their stakes in the business. Security National Bank acquired a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $76,000. Tucker Asset Management LLC bought a new position in shares of MidCap Financial Investment during the 4th quarter worth about $81,000. Brown Brothers Harriman & Co. bought a new position in shares of MidCap Financial Investment during the 2nd quarter worth about $81,000. Cape Investment Advisory Inc. bought a new position in shares of MidCap Financial Investment during the 4th quarter worth about $92,000. Finally, Register Financial Advisors LLC bought a new position in shares of MidCap Financial Investment during the 1st quarter worth about $114,000. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Price Performance

MFIC stock opened at $13.60 on Friday. The firm has a 50 day moving average of $14.08 and a 200-day moving average of $14.79. MidCap Financial Investment has a 12-month low of $12.26 and a 12-month high of $16.36. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The company has a market cap of $887.44 million, a price-to-earnings ratio of 7.77 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. The company had revenue of $69.16 million during the quarter, compared to the consensus estimate of $68.02 million. During the same period last year, the firm earned $0.44 EPS. As a group, equities analysts expect that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 10th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This is a boost from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 annualized dividend and a dividend yield of 11.18%. MidCap Financial Investment’s dividend payout ratio (DPR) is 86.86%.

About MidCap Financial Investment

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.