Analysts Set MidCap Financial Investment Co. (NASDAQ:MFIC) Price Target at $14.71

MidCap Financial Investment Co. (NASDAQ:MFIC) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.71.

A number of research firms have weighed in on MFIC. Wells Fargo & Company dropped their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its stake in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after purchasing an additional 809 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of MidCap Financial Investment in the third quarter worth $35,000. Brown Brothers Harriman & Co. bought a new stake in MidCap Financial Investment during the second quarter valued at $81,000. Westchester Capital Management LLC purchased a new position in MidCap Financial Investment during the third quarter worth about $103,000. Finally, ProShare Advisors LLC bought a new position in MidCap Financial Investment in the 2nd quarter worth about $159,000. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Up 0.7 %

MidCap Financial Investment stock opened at $13.80 on Friday. MidCap Financial Investment has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The stock has a market cap of $1.29 billion, a PE ratio of 8.85 and a beta of 1.48. The firm’s 50-day simple moving average is $13.66 and its 200 day simple moving average is $13.76. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $82.14 million for the quarter, compared to analysts’ expectations of $82.68 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. During the same period in the previous year, the company earned $0.43 earnings per share. Research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.01%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

MidCap Financial Investment Company Profile

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.