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

MidCap Financial Investment Co. (NASDAQ:MFIC) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.71.

MFIC has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Monday, August 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

MidCap Financial Investment Stock Up 0.2 %

MFIC stock opened at $14.05 on Friday. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.36. The firm has a market capitalization of $1.32 billion, a PE ratio of 9.01 and a beta of 1.50. 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 stock has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $14.28.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be given a $0.38 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 10.82%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

Hedge Funds Weigh In On MidCap Financial Investment

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in MidCap Financial Investment by 49.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock worth $30,079,000 after buying an additional 755,436 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of MidCap Financial Investment by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock worth $28,880,000 after acquiring an additional 10,669 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of 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. Franklin Resources Inc. boosted its stake in shares of MidCap Financial Investment by 32.4% in the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after purchasing an additional 93,972 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of MidCap Financial Investment by 22.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company’s stock valued at $4,302,000 after purchasing an additional 58,188 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

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.