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

MidCap Financial Investment Co. (NASDAQ:MFIC) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.71.

MFIC has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company decreased their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th.

Institutional Investors Weigh In On MidCap Financial Investment

A number of institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in shares of MidCap Financial Investment by 71.8% during the third 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of MidCap Financial Investment by 4.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock valued at $294,000 after purchasing an additional 837 shares during the period. Muzinich & Co. Inc. boosted its stake in shares of MidCap Financial Investment by 0.5% in the third quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock valued at $2,499,000 after purchasing an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after purchasing an additional 946 shares during the period. Finally, Creative Planning boosted its stake in shares of MidCap Financial Investment by 18.3% in the third quarter. Creative Planning now owns 12,603 shares of the company’s stock valued at $169,000 after purchasing an additional 1,950 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Down 0.5 %

Shares of MidCap Financial Investment stock opened at $13.68 on Friday. The firm’s 50 day moving average price is $13.66 and its 200-day moving average price is $13.76. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The company has a market cap of $1.28 billion, a P/E ratio of 8.77 and a beta of 1.48.

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

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

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.