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

MidCap Financial Investment Co. (NASDAQ:MFIC) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.71.

A number of analysts have recently weighed in on MFIC shares. Wells Fargo & Company cut their price objective 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. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

MidCap Financial Investment Trading Up 0.4 %

Shares of MFIC stock opened at $13.49 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 8.65 and a beta of 1.48. MidCap Financial Investment has a fifty-two week low of $12.26 and a fifty-two week high of $16.36. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company has a 50 day moving average price of $13.66 and a 200 day moving average price of $13.81.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is presently 97.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MFIC. Nomura Asset Management Co. Ltd. raised its position in shares of MidCap Financial Investment by 71.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after acquiring an additional 809 shares in the last quarter. Anchor Investment Management LLC purchased a new position in MidCap Financial Investment in the third quarter valued at approximately $35,000. Brown Brothers Harriman & Co. acquired a new stake in MidCap Financial Investment during the second quarter worth approximately $81,000. Westchester Capital Management LLC purchased a new stake in shares of MidCap Financial Investment during the 3rd quarter worth approximately $103,000. Finally, ProShare Advisors LLC acquired a new position in shares of MidCap Financial Investment in the 2nd quarter valued at $159,000. 28.45% of the stock is 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.