MidCap Financial Investment Co. (NASDAQ:MFIC) Given Average Recommendation of "Moderate Buy" by Brokerages

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.71.

Several equities research analysts have issued reports on MFIC shares. Wells Fargo & Company lowered 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 report on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a "market perform" rating to an "outperform" rating and set a $15.00 price target for the company in a report on Monday, August 5th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th.

Hedge Funds Weigh In On MidCap Financial Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in MFIC. Nomura Asset Management Co. Ltd. raised its stake in shares of MidCap Financial Investment by 71.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after acquiring an additional 809 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of MidCap Financial Investment by 4.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company's stock worth $294,000 after purchasing an additional 837 shares in the last quarter. Muzinich & Co. Inc. grew its stake in MidCap Financial Investment by 0.5% during the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company's stock worth $2,499,000 after buying an additional 946 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in MidCap Financial Investment by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company's stock valued at $2,420,000 after buying an additional 946 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in MidCap Financial Investment by 4.6% in the second quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company's stock valued at $354,000 after buying an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

MidCap Financial Investment Trading Up 0.9 %

Shares of NASDAQ:MFIC traded up $0.12 on Friday, hitting $14.17. 151,221 shares of the company's stock were exchanged, compared to its average volume of 323,725. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.01 and a beta of 1.50. MidCap Financial Investment has a 12 month low of $12.26 and a 12 month high of $16.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The business's 50 day simple moving average is $13.51 and its two-hundred day simple moving average is $14.28.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend is Tuesday, December 10th. MidCap Financial Investment's payout ratio is 97.44%.

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.