MidCap Financial Investment (NASDAQ:MFIC) Price Target Raised to $15.00

MidCap Financial Investment (NASDAQ:MFIC) had its price target increased by Wells Fargo & Company from $14.00 to $15.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Stock Up 0.2 %

Shares of MFIC opened at $14.00 on Wednesday. The stock’s 50-day moving average price is $13.67 and its two-hundred day moving average price is $13.70. MidCap Financial Investment has a 12 month low of $12.26 and a 12 month high of $16.36. The company has a market capitalization of $1.31 billion, a PE ratio of 8.97 and a beta of 1.48. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Thursday, November 7th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The business had revenue of $82.14 million for the quarter, compared to analysts’ expectations of $82.68 million. During the same period in the prior year, the business posted $0.43 earnings per share. On average, analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 annualized dividend and a dividend yield of 10.86%. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

Institutional Trading of MidCap Financial Investment

Several large investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its holdings in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after acquiring an additional 809 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after purchasing an additional 1,699 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in MidCap Financial Investment in the 3rd quarter valued at $35,000. Westchester Capital Management LLC bought a new stake in MidCap Financial Investment during the 3rd quarter valued at $103,000. Finally, ProShare Advisors LLC acquired a new position in MidCap Financial Investment during the second quarter worth $159,000. 28.45% of the stock is currently 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.