MidCap Financial Investment Co. (NASDAQ:MFIC) Receives $14.79 Average PT from Brokerages

MidCap Financial Investment Co. (NASDAQ:MFICGet Free Report) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.79.

MFIC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Royal Bank of Canada raised their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Truist Financial raised their price target on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Citigroup raised their price target on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th.

Read Our Latest Stock Analysis on MidCap Financial Investment

Institutional Trading of MidCap Financial Investment

Hedge funds have recently added to or reduced their stakes in the stock. Security National Bank bought a new stake in MidCap Financial Investment in the fourth quarter worth about $76,000. Tucker Asset Management LLC bought a new stake in MidCap Financial Investment in the fourth quarter worth about $81,000. Parkside Financial Bank & Trust raised its position in MidCap Financial Investment by 63.3% in the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock worth $83,000 after acquiring an additional 2,335 shares during the period. Cape Investment Advisory Inc. bought a new stake in shares of MidCap Financial Investment in the fourth quarter valued at approximately $92,000. Finally, Register Financial Advisors LLC bought a new stake in shares of MidCap Financial Investment in the first quarter valued at approximately $114,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Down 0.1 %

MidCap Financial Investment stock opened at $15.25 on Thursday. MidCap Financial Investment has a 1-year low of $10.78 and a 1-year high of $15.38. The firm has a market capitalization of $995.06 million, a price-to-earnings ratio of 8.38 and a beta of 1.47. The firm’s fifty day moving average price is $14.71 and its two-hundred day moving average price is $13.93. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45.

MidCap Financial Investment (NASDAQ:MFICGet Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. The firm had revenue of $71.95 million for the quarter, compared to analyst estimates of $68.44 million. During the same period last year, the firm earned $0.43 earnings per share. On average, equities research analysts predict that MidCap Financial Investment will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend was Monday, March 11th. MidCap Financial Investment’s dividend payout ratio is 83.52%.

MidCap Financial Investment Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for MidCap Financial Investment (NASDAQ:MFIC)

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