MidCap Financial Investment Co. (NASDAQ:MFIC) Given Average Rating of "Moderate Buy" by Analysts

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.00.

MFIC has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company cut their target price on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Truist Financial reduced their target price on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th.

MidCap Financial Investment Stock Performance

Shares of NASDAQ MFIC traded down $0.06 during midday trading on Friday, hitting $12.63. The company's stock had a trading volume of 427,638 shares, compared to its average volume of 436,393. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.10 and a beta of 0.99. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $12.16 and a 200 day moving average price of $13.11. MidCap Financial Investment has a one year low of $10.18 and a one year high of $15.70.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The business had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 million. On average, research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.03%. MidCap Financial Investment's dividend payout ratio (DPR) is presently 122.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MFIC. International Assets Investment Management LLC grew its stake in MidCap Financial Investment by 3.5% in the 1st quarter. International Assets Investment Management LLC now owns 25,595 shares of the company's stock worth $329,000 after buying an additional 876 shares in the last quarter. CW Advisors LLC lifted its holdings in shares of MidCap Financial Investment by 3.3% during the 1st quarter. CW Advisors LLC now owns 29,539 shares of the company's stock worth $380,000 after acquiring an additional 945 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of MidCap Financial Investment by 1.2% during the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock worth $1,140,000 after acquiring an additional 1,000 shares during the last quarter. Accel Wealth Management grew its position in MidCap Financial Investment by 8.5% in the first quarter. Accel Wealth Management now owns 13,651 shares of the company's stock worth $176,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in MidCap Financial Investment by 1.2% in the first quarter. Confluence Investment Management LLC now owns 89,748 shares of the company's stock valued at $1,154,000 after acquiring an additional 1,104 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

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.