Shares of MidCap Financial Investment Co. (NASDAQ:MFIC – Get Free Report) have earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.25.
A number of equities analysts have commented on MFIC shares. Compass Point cut shares of MidCap Financial Investment from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $15.50 to $16.00 in a research note on Monday, June 10th. Wells Fargo & Company lifted their price objective on shares of MidCap Financial Investment from $15.50 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th.
View Our Latest Analysis on MidCap Financial Investment
Institutional Investors Weigh In On MidCap Financial Investment
MidCap Financial Investment Stock Up 0.2 %
MFIC opened at $15.17 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.40. MidCap Financial Investment has a 1-year low of $12.35 and a 1-year high of $16.36. The company has a market capitalization of $989.84 million, a PE ratio of 8.67 and a beta of 1.50. The firm’s 50 day simple moving average is $15.43 and its two-hundred day simple moving average is $14.67.
MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. The company had revenue of $68.33 million for the quarter, compared to the consensus estimate of $69.48 million. As a group, equities analysts forecast that MidCap Financial Investment will post 1.72 EPS for the current year.
MidCap Financial Investment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Tuesday, June 11th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.52 annualized dividend and a yield of 10.02%. MidCap Financial Investment’s dividend payout ratio (DPR) is 86.86%.
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.
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