MidCap Financial Investment Co. (NASDAQ:MFIC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have received an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.25.

MFIC has been the subject of several research reports. Compass Point downgraded MidCap Financial Investment from a “buy” rating to a “neutral” rating and raised their target price for the company from $15.50 to $16.00 in a research note on Monday, June 10th. Wells Fargo & Company raised their target price on MidCap Financial Investment from $15.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, May 13th.

Hedge Funds Weigh In On MidCap Financial Investment

A number of hedge funds have recently added to or reduced their stakes in MFIC. Security National Bank bought a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $76,000. Tucker Asset Management LLC bought a new stake in shares of MidCap Financial Investment in the 4th quarter worth approximately $81,000. Cape Investment Advisory Inc. bought a new stake in shares of MidCap Financial Investment in the 4th quarter worth approximately $92,000. Register Financial Advisors LLC bought a new stake in MidCap Financial Investment during the 1st quarter valued at $114,000. Finally, Cetera Advisors LLC bought a new stake in MidCap Financial Investment during the 1st quarter valued at $161,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Stock Performance

MFIC stock opened at $15.17 on Tuesday. The stock has a 50-day moving average price of $15.43 and a 200-day moving average price of $14.67. MidCap Financial Investment has a 1-year low of $12.35 and a 1-year high of $16.36. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.40. The firm has a market cap of $989.84 million, a PE ratio of 8.67 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data 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. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. The firm had revenue of $68.33 million during the quarter, compared to analyst estimates of $69.48 million. As a group, equities research analysts expect that MidCap Financial Investment will post 1.72 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Tuesday, June 11th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, June 11th. This represents a $1.52 dividend on an annualized basis and a yield of 10.02%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 86.86%.

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.