Brokerages Set MidCap Financial Investment Co. (NASDAQ:MFIC) Price Target at $14.79

MidCap Financial Investment Co. (NASDAQ:MFIC) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.79.

Several equities analysts have recently commented on the stock. Truist Financial upped their price objective on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Citigroup raised their price target on MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Wells Fargo & Company boosted their price objective on MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a report on Monday, January 29th. Royal Bank of Canada raised their target price on MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th.

Institutional Trading of MidCap Financial Investment

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of MidCap Financial Investment by 10.6% in the 4th quarter. Van ECK Associates Corp now owns 1,196,306 shares of the company’s stock valued at $16,365,000 after purchasing an additional 114,587 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in MidCap Financial Investment by 12.6% in the third quarter. Commonwealth Equity Services LLC now owns 329,443 shares of the company’s stock valued at $4,530,000 after purchasing an additional 36,842 shares in the last quarter. International Assets Investment Management LLC raised its holdings in MidCap Financial Investment by 1,268.1% during the fourth quarter. International Assets Investment Management LLC now owns 286,055 shares of the company’s stock worth $3,913,000 after purchasing an additional 265,146 shares in the last quarter. Condor Capital Management lifted its position in shares of MidCap Financial Investment by 7.8% during the 4th quarter. Condor Capital Management now owns 247,881 shares of the company’s stock worth $3,391,000 after buying an additional 17,907 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of MidCap Financial Investment by 10.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 220,405 shares of the company’s stock valued at $3,315,000 after buying an additional 21,217 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

NASDAQ:MFIC opened at $15.26 on Thursday. MidCap Financial Investment has a 52 week low of $10.78 and a 52 week high of $15.38. The stock’s fifty day moving average is $14.65 and its two-hundred day moving average is $13.90. The company has a market capitalization of $995.72 million, a P/E ratio of 8.38 and a beta of 1.47. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.45.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $71.95 million for the quarter, compared to analyst estimates of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same period in the previous year, the firm earned $0.43 EPS. Equities analysts expect that MidCap Financial Investment will post 1.72 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 9.96%. The ex-dividend date of this dividend was Monday, March 11th. MidCap Financial Investment’s payout ratio is presently 83.52%.

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.