MidCap Financial Investment Co. (NASDAQ:MFIC) Receives $14.71 Consensus Price Target from Analysts

MidCap Financial Investment Co. (NASDAQ:MFIC) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.71.

Several brokerages recently commented on MFIC. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th.

MidCap Financial Investment Stock Performance

MFIC opened at $14.10 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a fifty day moving average price of $13.54 and a 200 day moving average price of $14.23. MidCap Financial Investment has a 1 year low of $12.26 and a 1 year high of $16.36. The stock has a market cap of $1.32 billion, a P/E ratio of 9.04 and a beta of 1.49.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 10.78%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s payout ratio is 97.44%.

Institutional Investors Weigh In On MidCap Financial Investment

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in shares of MidCap Financial Investment by 269.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 63,291 shares of the company’s stock valued at $847,000 after acquiring an additional 46,176 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of MidCap Financial Investment by 19.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock valued at $3,984,000 after acquiring an additional 42,723 shares during the last quarter. MQS Management LLC acquired a new position in shares of MidCap Financial Investment during the 2nd quarter valued at about $575,000. Advisors Asset Management Inc. boosted its position in shares of MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after acquiring an additional 258,940 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of MidCap Financial Investment during the 3rd quarter valued at about $628,000. Hedge funds and other institutional investors 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.