MidCap Financial Investment Co. (NASDAQ:MFIC) Given Average Rating of “Moderate Buy” by Analysts

MidCap Financial Investment Co. (NASDAQ:MFIC) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.71.

MFIC has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock opened at $14.10 on Friday. The firm has a market cap of $1.32 billion, a P/E ratio of 9.04 and a beta of 1.49. The firm’s 50-day simple moving average is $13.57 and its 200-day simple moving average is $14.23. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.36. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 10.78%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 97.44%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after purchasing an additional 809 shares during the last quarter. Anchor Investment Management LLC bought a new position in MidCap Financial Investment in the 3rd quarter worth approximately $35,000. Brown Brothers Harriman & Co. bought a new position in MidCap Financial Investment in the 2nd quarter worth approximately $81,000. Westchester Capital Management LLC bought a new position in MidCap Financial Investment in the 3rd quarter worth approximately $103,000. Finally, Accel Wealth Management bought a new stake in shares of MidCap Financial Investment during the 2nd quarter valued at $151,000. 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.