MidCap Financial Investment (NASDAQ:MFIC) Upgraded to Buy at Compass Point

Compass Point upgraded shares of MidCap Financial Investment (NASDAQ:MFIC) from a neutral rating to a buy rating in a research report released on Thursday morning, MarketBeat reports. They currently have $16.00 target price on the stock.

Separately, Wells Fargo & Company upped their target price on shares of MidCap Financial Investment from $15.50 to $16.00 and gave the stock an overweight rating in a report 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. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $15.25.

MidCap Financial Investment Trading Up 1.6 %

Shares of MFIC stock opened at $14.27 on Thursday. MidCap Financial Investment has a 1 year low of $12.51 and a 1 year high of $16.36. The firm has a fifty day moving average price of $15.42 and a 200-day moving average price of $14.87. 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 company has a market cap of $931.12 million, a price-to-earnings ratio of 8.15 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Tuesday, May 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 $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 analysts predict that MidCap Financial Investment will post 1.72 earnings per share for the current year.

MidCap Financial Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Monday, August 5th. MidCap Financial Investment’s payout ratio is currently 86.86%.

Institutional Trading of MidCap Financial Investment

Several hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in MidCap Financial Investment by 7.7% in the 1st quarter. Van ECK Associates Corp now owns 1,288,350 shares of the company’s stock worth $19,376,000 after purchasing an additional 92,044 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in MidCap Financial Investment by 1.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 337,880 shares of the company’s stock worth $5,082,000 after purchasing an additional 3,215 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of MidCap Financial Investment by 1,268.1% in the fourth quarter. International Assets Investment Management LLC now owns 286,055 shares of the company’s stock valued at $3,913,000 after purchasing an additional 265,146 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in MidCap Financial Investment by 19.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock worth $3,984,000 after purchasing an additional 42,723 shares during the last quarter. Finally, Condor Capital Management raised its stake in MidCap Financial Investment by 6.1% during the first quarter. Condor Capital Management now owns 263,085 shares of the company’s stock valued at $3,957,000 after purchasing an additional 15,204 shares in the last quarter. Hedge funds and other institutional investors 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.