MidCap Financial Investment Co. (NASDAQ:MFIC) Given Average Rating of “Moderate Buy” by Analysts

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.86.

A number of research firms have weighed in on MFIC. Compass Point raised MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, July 25th. Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday, August 5th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in MidCap Financial Investment in the 1st quarter worth approximately $532,000. Hennion & Walsh Asset Management Inc. raised its position in MidCap Financial Investment by 19.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock worth $3,984,000 after purchasing an additional 42,723 shares during the last quarter. MQS Management LLC bought a new position in MidCap Financial Investment in the 2nd quarter worth approximately $575,000. J.W. Cole Advisors Inc. bought a new position in MidCap Financial Investment in the 3rd quarter worth approximately $628,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in MidCap Financial Investment by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock worth $2,739,000 after purchasing an additional 1,057 shares during the last quarter. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Down 1.5 %

NASDAQ MFIC opened at $13.45 on Monday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $13.48 and its two-hundred day moving average is $14.42. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.87 and a beta of 1.50. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.36.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 11.30%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 88.89%.

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.