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

MidCap Financial Investment Co. (NASDAQ:MFIC) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.79.

Several analysts have issued reports on MFIC shares. Wells Fargo & Company upped their price objective on MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. Royal Bank of Canada raised their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. Citigroup boosted their target price on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Truist Financial lifted their price target on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 28th.

Institutional Investors Weigh In On MidCap Financial Investment

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of MidCap Financial Investment during the first quarter valued at about $67,000. LPL Financial LLC bought a new stake in shares of MidCap Financial Investment during the 1st quarter worth about $1,397,000. Guggenheim Capital LLC acquired a new stake in shares of MidCap Financial Investment in the 1st quarter worth approximately $247,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of MidCap Financial Investment in the first quarter valued at approximately $149,000. Finally, HighTower Advisors LLC acquired a new position in shares of MidCap Financial Investment during the first quarter valued at approximately $912,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Trading Up 0.7 %

MFIC opened at $14.88 on Thursday. MidCap Financial Investment has a 12-month low of $10.78 and a 12-month high of $15.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.43 and a quick ratio of 4.43. The stock has a market capitalization of $970.92 million, a PE ratio of 8.18 and a beta of 1.47. The firm’s fifty day moving average price is $14.57 and its 200 day moving average price is $13.86.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. The company had revenue of $71.95 million during the quarter, compared to the consensus estimate of $68.44 million. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, research analysts expect that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.38 per share. The ex-dividend date was Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 10.22%. MidCap Financial Investment’s dividend payout ratio is currently 83.52%.

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.