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

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

A number of brokerages have recently commented on MFIC. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective 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. Wells Fargo & Company cut their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Truist Financial reduced their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th.

MidCap Financial Investment Stock Up 1.2%

MidCap Financial Investment stock opened at $13.08 on Friday. The firm has a 50 day moving average price of $12.15 and a 200-day moving average price of $13.13. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a twelve month low of $10.18 and a twelve month high of $16.10. The company has a market capitalization of $1.22 billion, a P/E ratio of 8.38 and a beta of 0.99.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.37 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 million. As a group, equities analysts predict that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.52 dividend on an annualized basis and a yield of 11.62%. MidCap Financial Investment's dividend payout ratio (DPR) is 122.58%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new position in shares of MidCap Financial Investment in the fourth quarter valued at approximately $607,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in MidCap Financial Investment by 4.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,199 shares of the company's stock worth $2,539,000 after purchasing an additional 7,443 shares in the last quarter. Entropy Technologies LP purchased a new stake in MidCap Financial Investment in the 4th quarter worth approximately $155,000. Stephens Inc. AR boosted its holdings in MidCap Financial Investment by 1.2% in the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company's stock valued at $1,140,000 after purchasing an additional 1,000 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. grew its position in shares of MidCap Financial Investment by 13.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 79,172 shares of the company's stock valued at $1,068,000 after purchasing an additional 9,179 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.

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.

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