MidCap Financial Investment Co. (NASDAQ:MFIC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) 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.

Institutional Investors Weigh In On MidCap Financial Investment

Large investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC bought a new stake in shares of MidCap Financial Investment in the 1st quarter valued at about $161,000. Virtu Financial LLC raised its holdings in shares of MidCap Financial Investment by 11.8% in the 1st quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock valued at $204,000 after purchasing an additional 1,429 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of MidCap Financial Investment by 11.7% in the 1st quarter. Advisors Asset Management Inc. now owns 141,318 shares of the company’s stock valued at $2,125,000 after purchasing an additional 14,779 shares in the last quarter. Condor Capital Management raised its holdings in shares of MidCap Financial Investment by 6.1% in the 1st quarter. Condor Capital Management now owns 263,085 shares of the company’s stock valued at $3,957,000 after purchasing an additional 15,204 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of MidCap Financial Investment in the 1st quarter valued at about $532,000. 28.45% of the stock is owned by hedge funds and other institutional investors.

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) 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.