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

MidCap Financial Investment Co. (NASDAQ:MFIC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.79.

Several equities research analysts recently commented on MFIC shares. Royal Bank of Canada boosted their price objective on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Truist Financial boosted their price objective on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Wells Fargo & Company lifted their price target on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Citigroup lifted their price target on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th.

MidCap Financial Investment Trading Down 0.1 %

Shares of NASDAQ MFIC opened at $15.25 on Thursday. The stock has a market cap of $995.06 million, a price-to-earnings ratio of 8.38 and a beta of 1.47. MidCap Financial Investment has a twelve month low of $10.78 and a twelve month high of $15.38. The company’s fifty day moving average is $14.71 and its 200-day moving average is $13.93. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.45.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $71.95 million for the quarter, compared to analysts’ expectations of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same period in the previous year, the firm posted $0.43 EPS. Equities research analysts predict that MidCap Financial Investment will post 1.72 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 9.97%. MidCap Financial Investment’s dividend payout ratio is presently 83.52%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of MidCap Financial Investment by 19,112.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 62,248 shares of the company’s stock worth $856,000 after purchasing an additional 61,924 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of MidCap Financial Investment by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 67,588 shares of the company’s stock worth $928,000 after purchasing an additional 1,556 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of MidCap Financial Investment by 43.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 73,232 shares of the company’s stock worth $1,007,000 after purchasing an additional 22,192 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of MidCap Financial Investment by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,081,719 shares of the company’s stock worth $14,874,000 after purchasing an additional 64,214 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of MidCap Financial Investment by 10.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock worth $284,000 after purchasing an additional 1,882 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

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.