MidCap Financial Investment (NASDAQ:MFIC) Reaches New 52-Week High at $15.15

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.15 and last traded at $15.15, with a volume of 159466 shares. The stock had previously closed at $14.96.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MFIC shares. JPMorgan Chase & Co. raised their price target on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. Wells Fargo & Company lifted their price objective on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an "overweight" rating in a research report on Monday, January 29th. Royal Bank of Canada lifted their price objective on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Citigroup lifted their price objective on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Finally, Truist Financial lifted their price objective on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.79.

MidCap Financial Investment Stock Performance

The stock has a market cap of $988.54 million, a price-to-earnings ratio of 8.32 and a beta of 1.47. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.43 and a current ratio of 4.43. The company's 50 day simple moving average is $14.48 and its 200 day simple moving average is $13.83.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Monday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $71.95 million for the quarter, compared to analysts' expectations of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts anticipate that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were paid a $0.38 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 10.03%. MidCap Financial Investment's dividend payout ratio is currently 83.52%.

Hedge Funds Weigh In On MidCap Financial Investment

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of MidCap Financial Investment by 74.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,433 shares of the company's stock worth $33,000 after buying an additional 1,038 shares during the period. Deutsche Bank AG acquired a new position in MidCap Financial Investment in the 1st quarter worth approximately $40,000. Qube Research & Technologies Ltd purchased a new position in MidCap Financial Investment during the 3rd quarter worth approximately $41,000. Security National Bank purchased a new stake in shares of MidCap Financial Investment in the fourth quarter valued at $76,000. Finally, Comerica Bank grew its holdings in shares of MidCap Financial Investment by 138,500.0% during the third quarter. Comerica Bank now owns 5,544 shares of the company's stock valued at $76,000 after buying an additional 5,540 shares in the last quarter. Institutional investors and hedge funds 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.