MidCap Financial Investment (NASDAQ:MFIC) Sets New 12-Month Low - Should You Sell?

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $11.60 and last traded at $11.64, with a volume of 661106 shares. The stock had previously closed at $12.49.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Keefe, Bruyette & Woods cut their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, MidCap Financial Investment has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

MidCap Financial Investment Stock Up 11.7 %

The business has a 50 day moving average price of $13.36 and a 200 day moving average price of $13.49. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.10 billion, a PE ratio of 7.50 and a beta of 1.13.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The business had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. Equities research analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment's dividend payout ratio (DPR) is currently 116.03%.

Institutional Investors Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFIC. Nomura Asset Management Co. Ltd. boosted its position in shares of MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after buying an additional 809 shares during the period. Stephens Inc. AR boosted its holdings in MidCap Financial Investment by 1.2% during the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock valued at $1,140,000 after acquiring an additional 1,000 shares during the period. Confluence Investment Management LLC increased its stake in MidCap Financial Investment by 1.2% during the first quarter. Confluence Investment Management LLC now owns 89,748 shares of the company's stock worth $1,154,000 after purchasing an additional 1,104 shares during the period. Allworth Financial LP lifted its position in shares of MidCap Financial Investment by 197.8% during the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of MidCap Financial Investment by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company's stock valued at $920,000 after purchasing an additional 1,851 shares during the period. Hedge funds and other institutional investors own 28.45% of the company's stock.

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.