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

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.71.

Several equities research analysts recently weighed in on MFIC shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their price target 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.

MidCap Financial Investment Trading Up 0.4 %

Shares of NASDAQ MFIC traded up $0.06 during midday trading on Friday, reaching $13.49. 272,955 shares of the stock were exchanged, compared to its average volume of 362,677. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.36. The company has a 50 day simple moving average of $13.66 and a 200 day simple moving average of $13.80. The stock has a market capitalization of $1.27 billion, a P/E ratio of 8.65 and a beta of 1.48. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 11.27%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment's payout ratio is 97.44%.

Institutional Trading of MidCap Financial Investment

A number of institutional investors have recently bought and sold shares of MFIC. Van ECK Associates Corp lifted its position in MidCap Financial Investment by 49.9% during the third quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company's stock worth $30,079,000 after buying an additional 755,436 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of MidCap Financial Investment by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company's stock worth $28,880,000 after acquiring an additional 10,669 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in MidCap Financial Investment by 139.5% in the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company's stock valued at $5,952,000 after purchasing an additional 258,940 shares during the period. Franklin Resources Inc. increased its position in MidCap Financial Investment by 32.4% during the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company's stock worth $5,116,000 after purchasing an additional 93,972 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in MidCap Financial Investment by 11.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company's stock worth $4,811,000 after purchasing an additional 35,341 shares during the period. 28.45% of the stock is currently owned by hedge funds and other 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.