MidCap Financial Investment Co. (NASDAQ:MFIC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.86.

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

MidCap Financial Investment Trading Down 0.7 %

Shares of NASDAQ MFIC opened at $13.28 on Monday. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.36. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.02 and a quick ratio of 3.02. The business’s 50 day moving average is $13.53 and its two-hundred day moving average is $14.48. The stock has a market capitalization of $1.25 billion, a P/E ratio of 7.77 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm 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 quarter in the previous year, the company posted $0.44 EPS. As a group, research analysts expect that MidCap Financial Investment will post 1.72 EPS for the current year.

MidCap Financial Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were paid a $0.38 dividend. This is an increase from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date was Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio is currently 88.89%.

Institutional Investors Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in MidCap Financial Investment by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock worth $2,739,000 after acquiring an additional 1,057 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of MidCap Financial Investment by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company’s stock worth $312,000 after purchasing an additional 1,048 shares during the period. SG Americas Securities LLC bought a new position in shares of MidCap Financial Investment during the first quarter valued at approximately $532,000. Condor Capital Management increased its holdings in MidCap Financial Investment by 6.1% during the first quarter. Condor Capital Management now owns 263,085 shares of the company’s stock valued at $3,957,000 after buying an additional 15,204 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in MidCap Financial Investment by 11.7% in the first quarter. Advisors Asset Management Inc. now owns 141,318 shares of the company’s stock worth $2,125,000 after buying an additional 14,779 shares in the last quarter. 28.45% of the stock is owned by institutional investors.

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.