Analysts Set MidCap Financial Investment Corporation (NASDAQ:MFIC) Price Target at $13.40

MidCap Financial Investment Corporation (NASDAQ:MFIC) has been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $13.40.

Several research firms recently weighed in on MFIC. JPMorgan Chase & Co. decreased their price target on MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Saturday, September 27th. Keefe, Bruyette & Woods lowered shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 target price for the company. in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target on shares of MidCap Financial Investment in a research note on Monday, August 25th.

Institutional Investors Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently modified their holdings of MFIC. Cambridge Investment Research Advisors Inc. grew its position in MidCap Financial Investment by 8.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company’s stock valued at $266,000 after acquiring an additional 1,578 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of MidCap Financial Investment by 23.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 232,584 shares of the company’s stock valued at $2,991,000 after purchasing an additional 44,385 shares during the period. Cura Wealth Advisors LLC grew its holdings in shares of MidCap Financial Investment by 354.2% in the first quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company’s stock worth $8,341,000 after purchasing an additional 505,807 shares during the last quarter. LPL Financial LLC increased its stake in MidCap Financial Investment by 32.7% in the 1st quarter. LPL Financial LLC now owns 562,137 shares of the company’s stock worth $7,229,000 after buying an additional 138,454 shares during the period. Finally, Castlekeep Investment Advisors LLC increased its stake in MidCap Financial Investment by 331.8% in the 1st quarter. Castlekeep Investment Advisors LLC now owns 388,822 shares of the company’s stock worth $5,000,000 after buying an additional 298,782 shares during the period. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Trading Down 1.3%

MFIC opened at $11.81 on Friday. The stock has a 50-day moving average of $12.62 and a 200 day moving average of $12.51. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.49. MidCap Financial Investment has a 12 month low of $10.18 and a 12 month high of $14.74. The firm has a market cap of $1.10 billion, a P/E ratio of 10.94 and a beta of 1.03.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $81.25 million during the quarter, compared to analyst estimates of $81.70 million. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%. As a group, research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.9%. MidCap Financial Investment’s dividend payout ratio is currently 140.74%.

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.