MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives $14.00 Consensus PT from Brokerages

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Truist Financial decreased their price target 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, JPMorgan Chase & Co. decreased their price target on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Institutional Investors Weigh In On MidCap Financial Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its stake in MidCap Financial Investment by 3.5% in the first quarter. International Assets Investment Management LLC now owns 25,595 shares of the company's stock valued at $329,000 after acquiring an additional 876 shares during the period. CW Advisors LLC grew its stake in MidCap Financial Investment by 3.3% in the first quarter. CW Advisors LLC now owns 29,539 shares of the company's stock valued at $380,000 after acquiring an additional 945 shares during the period. Accel Wealth Management grew its stake in MidCap Financial Investment by 8.5% in the first quarter. Accel Wealth Management now owns 13,651 shares of the company's stock valued at $176,000 after acquiring an additional 1,074 shares during the period. Confluence Investment Management LLC grew 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 period. Finally, Wedbush Securities Inc. grew its stake in MidCap Financial Investment by 4.0% in the first quarter. Wedbush Securities Inc. now owns 36,291 shares of the company's stock valued at $467,000 after acquiring an additional 1,410 shares during the period. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Trading Up 0.4%

Shares of MidCap Financial Investment stock traded up $0.05 during midday trading on Thursday, reaching $12.72. The company had a trading volume of 174,800 shares, compared to its average volume of 450,876. The stock has a fifty day moving average price of $12.53 and a 200 day moving average price of $12.93. The company has a debt-to-equity ratio of 1.39, a current ratio of 5.98 and a quick ratio of 5.98. The firm has a market cap of $1.19 billion, a PE ratio of 10.25 and a beta of 0.97. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $15.70.

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 analysts' consensus estimates of $0.39 by ($0.02). The company had revenue of $78.70 million during the quarter, compared to analyst estimates of $82.49 million. MidCap Financial Investment had a return on equity of 10.66% and a net margin of 33.21%. On average, equities analysts anticipate 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 paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.95%. The ex-dividend date of this dividend was Tuesday, June 10th. MidCap Financial Investment's dividend payout ratio (DPR) is currently 122.58%.

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.