MidCap Financial Investment Co. (NASDAQ:MFIC) Receives $14.71 Average Target Price from Analysts

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.71.

A number of brokerages recently issued reports on MFIC. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company reduced 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.

MidCap Financial Investment Trading Down 0.5 %

NASDAQ MFIC opened at $13.68 on Friday. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.36. The firm has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $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. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 8.77 and a beta of 1.48.

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

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.11%. MidCap Financial Investment’s payout ratio is 97.44%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of 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 valued at $26,000 after acquiring an additional 809 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 valued at $294,000 after acquiring an additional 837 shares during the period. Muzinich & Co. Inc. increased its holdings in shares of MidCap Financial Investment by 0.5% in the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock valued at $2,499,000 after acquiring an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of MidCap Financial Investment by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after acquiring an additional 946 shares during the period. Finally, Creative Planning increased its stake in MidCap Financial Investment by 18.3% in the 3rd quarter. Creative Planning now owns 12,603 shares of the company’s stock valued at $169,000 after buying an additional 1,950 shares during the period. 28.45% of the stock is owned by institutional investors and hedge funds.

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.