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

MidCap Financial Investment Co. (NASDAQ:MFIC) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.00.

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

MidCap Financial Investment Stock Down 0.1 %

Shares of MFIC stock opened at $13.72 on Friday. The stock’s fifty day moving average price is $13.96 and its 200 day moving average price is $14.77. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.36. The company has a market cap of $895.27 million, a price-to-earnings ratio of 7.84 and a beta of 1.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.02 and a quick ratio of 3.02.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $69.16 million for the quarter, compared to analyst estimates 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 firm earned $0.44 earnings per share. On average, research analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 10th will be given a dividend of $0.38 per share. This is a boost from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend is Tuesday, September 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 86.86%.

Institutional Investors Weigh In On MidCap Financial Investment

Hedge funds have recently bought and sold shares of the stock. Truist Financial Corp boosted its holdings in MidCap Financial Investment by 33.4% during the second quarter. Truist Financial Corp now owns 28,771 shares of the company’s stock worth $436,000 after buying an additional 7,200 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of MidCap Financial Investment in the second quarter worth about $159,000. Sei Investments Co. boosted its stake in shares of MidCap Financial Investment by 19.1% during the 2nd quarter. Sei Investments Co. now owns 45,806 shares of the company’s stock worth $694,000 after acquiring an additional 7,353 shares in the last quarter. MQS Management LLC acquired a new stake in shares of MidCap Financial Investment during the 2nd quarter valued at about $575,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of MidCap Financial Investment in the 2nd quarter valued at about $162,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

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.