MidCap Financial Investment Co. (NASDAQ:MFIC) Receives $14.86 Average PT from Analysts

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.86.

MFIC has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, July 29th. Compass Point raised shares of MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 target price for the company in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a "market perform" rating to an "outperform" rating and set a $15.00 target price for the company in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut 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 research note on Tuesday, October 29th.

MidCap Financial Investment Stock Performance

MFIC stock traded down $0.14 during midday trading on Monday, reaching $13.14. 342,984 shares of the company's stock traded hands, compared to its average volume of 320,330. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The stock has a market cap of $1.23 billion, a P/E ratio of 7.77 and a beta of 1.50. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock's 50-day moving average is $13.53 and its 200 day moving average is $14.48.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million during the quarter, compared to analysts' expectations of $68.02 million. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, analysts anticipate that MidCap Financial Investment will post 1.72 EPS for the current year.

MidCap Financial Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 10th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This is a boost from MidCap Financial Investment's previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.57%. MidCap Financial Investment's payout ratio is currently 88.89%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of large investors have recently made changes to their positions in MFIC. Van ECK Associates Corp boosted its position in MidCap Financial Investment by 49.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company's stock valued at $30,079,000 after buying an additional 755,436 shares during the period. Allspring Global Investments Holdings LLC boosted its position in MidCap Financial Investment by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company's stock valued at $28,880,000 after buying an additional 10,669 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in MidCap Financial Investment by 22.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company's stock valued at $4,302,000 after buying an additional 58,188 shares during the period. Foundations Investment Advisors LLC purchased a new stake in MidCap Financial Investment in the 3rd quarter valued at about $4,172,000. Finally, Condor Capital Management boosted its position in MidCap Financial Investment by 16.3% in the 2nd quarter. Condor Capital Management now owns 306,024 shares of the company's stock valued at $4,633,000 after buying an additional 42,939 shares during the period. 28.45% of the stock is owned by hedge funds and other institutional investors.

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.