MidCap Financial Investment Corporation (NASDAQ:MFIC) Given Average Recommendation of "Moderate Buy" by Brokerages

MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.00.

A number of research firms recently issued reports on MFIC. JPMorgan Chase & Co. lowered their target price on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Truist Financial dropped their price objective on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company cut their price objective on 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.

MidCap Financial Investment Stock Up 0.4%

Shares of NASDAQ MFIC traded up $0.05 during mid-day trading on Thursday, reaching $12.72. 174,800 shares of the company traded hands, compared to its average volume of 450,079. The company's fifty day moving average is $12.53 and its two-hundred day moving average is $12.93. The company has a debt-to-equity ratio of 1.39, a quick ratio of 5.98 and a current ratio of 5.98. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $15.70. The stock has a market cap of $1.19 billion, a PE ratio of 10.25 and a beta of 0.97.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings results 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 33.21% and a return on equity of 10.66%. The company had revenue of $78.70 million for the quarter, compared to analyst estimates of $82.49 million. On average, analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were given a $0.38 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.52 annualized dividend and a yield of 11.95%. MidCap Financial Investment's dividend payout ratio is 122.58%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MFIC. Oppenheimer & Co. Inc. acquired a new stake in MidCap Financial Investment during the fourth quarter worth about $221,000. Steward Partners Investment Advisory LLC grew its holdings in shares of MidCap Financial Investment by 27.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 31,881 shares of the company's stock worth $430,000 after purchasing an additional 6,927 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MidCap Financial Investment during the 4th quarter worth approximately $937,000. Naviter Wealth LLC bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $2,516,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of MidCap Financial Investment in the fourth quarter valued at $1,289,000. Institutional investors and hedge funds own 28.45% of the company's stock.

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.