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

MidCap Financial Investment Co. (NASDAQ:MFIC) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $14.71.

Several brokerages recently weighed in on MFIC. Royal Bank of Canada restated a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company reduced their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $13.56 on Tuesday. 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 12 month low of $12.26 and a 12 month high of $16.36. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 8.69 and a beta of 1.49. The stock has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.96.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders 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 11.21%. The ex-dividend date was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

Hedge Funds Weigh In On MidCap Financial Investment

Institutional investors and hedge funds have recently modified their holdings of the business. HB Wealth Management LLC acquired a new position in shares of MidCap Financial Investment in the second quarter valued at approximately $153,000. Van ECK Associates Corp increased its holdings in MidCap Financial Investment by 17.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,514,663 shares of the company’s stock worth $22,932,000 after purchasing an additional 226,313 shares in the last quarter. Graypoint LLC raised its stake in shares of MidCap Financial Investment by 2.5% in the 2nd quarter. Graypoint LLC now owns 164,185 shares of the company’s stock valued at $2,486,000 after purchasing an additional 4,012 shares during the period. Farther Finance Advisors LLC raised its stake in shares of MidCap Financial Investment by 4.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock valued at $354,000 after purchasing an additional 1,025 shares during the period. Finally, Essex Financial Services Inc. bought a new stake in shares of MidCap Financial Investment in the second quarter valued at about $154,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

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.