MidCap Financial Investment (NASDAQ:MFIC) Hits New 1-Year High at $15.55

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 $15.55 and last traded at $15.53, with a volume of 30308 shares trading hands. The stock had previously closed at $15.27.

Analyst Upgrades and Downgrades

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

MidCap Financial Investment Stock Up 0.9 %

The company has a market capitalization of $1.00 billion, a PE ratio of 8.46 and a beta of 1.45. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.45. The company's 50 day moving average is $14.92 and its two-hundred day moving average is $14.08.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The company had revenue of $71.95 million for the quarter, compared to the consensus estimate of $68.44 million. MidCap Financial Investment had a return on equity of 15.50% and a net margin of 42.95%. During the same period in the previous year, the business earned $0.43 earnings per share. On average, analysts anticipate that MidCap Financial Investment Co. will post 1.72 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.87%. The ex-dividend date of this dividend is Tuesday, June 11th. MidCap Financial Investment's dividend payout ratio is presently 83.52%.

Hedge Funds Weigh In On MidCap Financial Investment

Several hedge funds have recently added to or reduced their stakes in the company. Security National Bank purchased a new position in MidCap Financial Investment in the 4th quarter worth about $76,000. Tucker Asset Management LLC purchased a new position in shares of MidCap Financial Investment during the fourth quarter worth approximately $81,000. Parkside Financial Bank & Trust boosted its holdings in shares of MidCap Financial Investment by 63.3% in the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company's stock valued at $83,000 after purchasing an additional 2,335 shares during the period. Cape Investment Advisory Inc. bought a new position in MidCap Financial Investment in the fourth quarter worth approximately $92,000. Finally, Register Financial Advisors LLC purchased a new position in MidCap Financial Investment during the 1st quarter worth $114,000. 28.45% of the stock is currently owned by institutional investors.

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.