MidCap Financial Investment (NASDAQ:MFIC) Sees Large Volume Increase

MidCap Financial Investment Co. (NASDAQ:MFIC) saw unusually-strong trading volume on Wednesday . Approximately 213,407 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 223,090 shares.The stock last traded at $14.48 and had previously closed at $15.43.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MFIC shares. Compass Point raised shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday. Wells Fargo & Company raised their price target on shares of MidCap Financial Investment from $15.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and an average target price of $15.25.

MidCap Financial Investment Price Performance

The stock’s fifty day moving average price is $15.42 and its 200-day moving average price is $14.87. The firm has a market cap of $931.12 million, a price-to-earnings ratio of 8.15 and a beta of 1.50. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.40.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $68.33 million during the quarter, compared to the consensus estimate of $69.48 million. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. As a group, equities research analysts forecast that MidCap Financial Investment Co. 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. Stockholders of record on Monday, August 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.61%. MidCap Financial Investment’s dividend payout ratio is currently 86.86%.

Institutional Trading of MidCap Financial Investment

Several institutional investors have recently added to or reduced their stakes in MFIC. Security National Bank purchased a new position in MidCap Financial Investment in the 4th quarter valued at approximately $76,000. Tucker Asset Management LLC purchased a new position in MidCap Financial Investment in the 4th quarter valued at approximately $81,000. Cape Investment Advisory Inc. purchased a new position in MidCap Financial Investment in the 4th quarter valued at approximately $92,000. Register Financial Advisors LLC purchased a new position in MidCap Financial Investment in the 1st quarter valued at approximately $114,000. Finally, Accel Wealth Management purchased a new position in MidCap Financial Investment in the 2nd quarter valued at approximately $151,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.