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

MidCap Financial Investment Co. (NASDAQ:MFIC) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.86.

A number of brokerages recently issued reports on MFIC. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of MidCap Financial Investment by 49.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after purchasing an additional 755,436 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $4,172,000. International Assets Investment Management LLC raised its stake in shares of MidCap Financial Investment by 1,208.0% during the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock worth $3,772,000 after purchasing an additional 260,137 shares during the period. Advisors Asset Management Inc. increased its holdings in MidCap Financial Investment by 139.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after acquiring an additional 258,940 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock worth $3,220,000 after acquiring an additional 192,731 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $14.22 on Wednesday. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36. The firm has a 50 day moving average of $13.66 and a 200-day moving average of $13.62. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.12 and a beta of 1.48.

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.