MidCap Financial Investment (NASDAQ:MFIC) Hits New 12-Month High at $15.26

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $15.26 and last traded at $15.26, with a volume of 72801 shares traded. The stock had previously closed at $15.01.

Wall Street Analyst Weigh In

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

MidCap Financial Investment Trading Up 2.0 %

The stock has a market capitalization of $998.98 million, a PE ratio of 8.40 and a beta of 1.47. The firm has a 50-day moving average price of $14.59 and a 200-day moving average price of $13.87. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. MidCap Financial Investment had a return on equity of 15.50% and a net margin of 42.95%. The firm had revenue of $71.95 million during the quarter, compared to analyst estimates of $68.44 million. During the same period last year, the firm posted $0.43 EPS. As a group, equities analysts forecast that MidCap Financial Investment Co. will post 1.72 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 9.93%. MidCap Financial Investment's payout ratio is 83.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of MidCap Financial Investment by 74.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,433 shares of the company's stock worth $33,000 after acquiring an additional 1,038 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth $41,000. Deutsche Bank AG bought a new position in shares of MidCap Financial Investment during the 1st quarter worth $40,000. Comerica Bank boosted its stake in MidCap Financial Investment by 138,500.0% in the 3rd quarter. Comerica Bank now owns 5,544 shares of the company's stock worth $76,000 after purchasing an additional 5,540 shares during the period. Finally, Security National Bank bought a new position in MidCap Financial Investment in the 4th quarter worth about $76,000. Institutional investors 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.