Brokerages Set MidCap Financial Investment Co. (NASDAQ:MFIC) PT at $14.71

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.71.

A number of research firms have weighed in on MFIC. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company reduced their target price on 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 Trading Up 0.4 %

Shares of MidCap Financial Investment stock opened at $13.49 on Friday. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The stock’s 50-day simple moving average is $13.66 and its 200 day simple moving average is $13.79. The stock has a market capitalization of $1.27 billion, a P/E ratio of 8.65 and a beta of 1.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, December 10th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.52 annualized dividend and a yield of 11.27%. MidCap Financial Investment’s payout ratio is 97.44%.

Institutional Investors Weigh In On MidCap Financial Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of MidCap Financial Investment by 49.9% during the third quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock valued at $30,079,000 after buying an additional 755,436 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of MidCap Financial Investment by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock worth $28,880,000 after purchasing an additional 10,669 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of MidCap Financial Investment by 139.5% during the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares in the last quarter. Franklin Resources Inc. grew its position in shares of MidCap Financial Investment by 32.4% during the third quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after purchasing an additional 93,972 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in MidCap Financial Investment by 11.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock valued at $4,811,000 after buying an additional 35,341 shares in the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

MidCap Financial Investment Company Profile

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.