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

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

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

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC opened at $14.88 on Thursday. The business has a 50-day moving average of $14.57 and a 200-day moving average of $13.86. MidCap Financial Investment has a fifty-two week low of $10.78 and a fifty-two week 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 price-to-earnings ratio of 8.18 and a beta of 1.47.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $71.95 million during the quarter, compared to analysts’ expectations of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same quarter last year, the company posted $0.43 earnings per share. As a group, sell-side analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

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

Institutional Investors Weigh In On MidCap Financial Investment

A number of hedge funds have recently added to or reduced their stakes in MFIC. Apollo Management Holdings L.P. acquired a new position in shares of MidCap Financial Investment during the first quarter valued at about $28,389,000. Van ECK Associates Corp raised its holdings in shares of MidCap Financial Investment by 10.6% in the fourth quarter. Van ECK Associates Corp now owns 1,196,306 shares of the company’s stock valued at $16,365,000 after purchasing an additional 114,587 shares during the last quarter. Legal & General Group Plc increased its stake in MidCap Financial Investment by 7.4% in the 4th quarter. Legal & General Group Plc now owns 507,635 shares of the company’s stock valued at $6,942,000 after buying an additional 34,842 shares during the last quarter. BlackRock Inc. lifted its holdings in MidCap Financial Investment by 0.6% during the second quarter. BlackRock Inc. now owns 378,314 shares of the company’s stock worth $4,752,000 after acquiring an additional 2,307 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of MidCap Financial Investment during the 1st quarter valued at $4,008,000. 28.45% of the stock is currently owned by 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.