MidCap Financial Investment Co. (NASDAQ:MFIC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.17.

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, July 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MFIC. Security National Bank bought a new position in MidCap Financial Investment during the fourth quarter worth $76,000. Tucker Asset Management LLC bought a new position in MidCap Financial Investment during the fourth quarter worth about $81,000. Cape Investment Advisory Inc. bought a new stake in MidCap Financial Investment in the 4th quarter valued at about $92,000. Register Financial Advisors LLC acquired a new position in shares of MidCap Financial Investment during the 1st quarter worth approximately $114,000. Finally, Accel Wealth Management bought a new position in shares of MidCap Financial Investment during the second quarter worth approximately $151,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Trading Down 1.0 %

NASDAQ MFIC opened at $14.20 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.76 and a quick ratio of 2.76. The stock’s 50-day moving average is $15.33 and its 200-day moving average is $14.89. MidCap Financial Investment has a one year low of $12.51 and a one year high of $16.36. The firm has a market cap of $926.59 million, a P/E ratio of 8.11 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. The company had revenue of $68.33 million during the quarter, compared to analysts’ expectations of $69.48 million. Sell-side analysts anticipate that MidCap Financial Investment will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Monday, August 5th. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 86.86%.

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.