Analysts Set MidCap Financial Investment Co. (NASDAQ:MFIC) PT at $15.00

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.00.

Several research analysts have commented on MFIC shares. Keefe, Bruyette & Woods raised shares of 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 note on Monday, August 5th. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. decreased their price target on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, Compass Point raised MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, July 25th.

Institutional Investors Weigh In On MidCap Financial Investment

Large investors have recently modified their holdings of the business. Tucker Asset Management LLC purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at $81,000. Brown Brothers Harriman & Co. purchased a new position in MidCap Financial Investment in the second quarter valued at about $81,000. Register Financial Advisors LLC bought a new position in MidCap Financial Investment in the first quarter worth about $114,000. Accel Wealth Management purchased a new stake in shares of MidCap Financial Investment during the second quarter valued at about $151,000. Finally, HB Wealth Management LLC bought a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at about $153,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

MFIC stock opened at $13.41 on Thursday. The company has a fifty day simple moving average of $13.54 and a two-hundred day simple moving average of $14.64. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $875.04 million, a P/E ratio of 7.66 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data 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. The business had revenue of $69.16 million for the quarter, compared to the consensus estimate of $68.02 million. MidCap Financial Investment had a return on equity of 11.54% and a net margin of 40.08%. During the same period in the prior year, the business posted $0.44 earnings per share. Analysts anticipate that MidCap Financial Investment will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 11.33%. This is a boost from MidCap Financial Investment’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio is currently 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.