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

MidCap Financial Investment Co. (NASDAQ:MFIC) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.71.

MFIC has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

MidCap Financial Investment Stock Down 0.7 %

MFIC stock opened at $13.55 on Tuesday. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.36. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a market cap of $1.27 billion, a PE ratio of 8.69 and a beta of 1.49. The business’s 50-day simple moving average is $13.66 and its 200 day simple moving average is $13.99.

MidCap Financial Investment Announces Dividend

The business 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. This represents a $1.52 annualized dividend and a yield of 11.22%. The ex-dividend date was Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is 97.44%.

Institutional Investors Weigh In On MidCap Financial Investment

Several large investors have recently made changes to their positions in MFIC. Van ECK Associates Corp boosted its position in MidCap Financial Investment by 49.9% in 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 in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of MidCap Financial Investment in the third quarter valued at approximately $4,172,000. International Assets Investment Management LLC grew its position in MidCap Financial Investment by 1,208.0% during the 3rd quarter. International Assets Investment Management LLC now owns 281,672 shares of the company’s stock worth $3,772,000 after acquiring an additional 260,137 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in MidCap Financial Investment by 139.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock valued at $5,952,000 after purchasing an additional 258,940 shares in the last quarter. Finally, Stifel Financial Corp raised its position in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock valued at $3,220,000 after purchasing an additional 192,731 shares during the last quarter. Institutional investors own 28.45% of the company’s stock.

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.