Brokerages Set MidCap Financial Investment Corporation (NASDAQ:MFIC) PT at $13.40

MidCap Financial Investment Corporation (NASDAQ:MFIC) has received an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.4167.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods downgraded shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price target for the company. in a research report on Wednesday, July 23rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price target on shares of MidCap Financial Investment in a research report on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday. Finally, Raymond James Financial set a $13.50 price target on shares of MidCap Financial Investment and gave the company an “outperform” rating in a research report on Tuesday.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in MidCap Financial Investment by 1.6% in the second quarter. Osaic Holdings Inc. now owns 95,698 shares of the company’s stock worth $1,208,000 after purchasing an additional 1,501 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in MidCap Financial Investment in the second quarter worth approximately $241,000. CANADA LIFE ASSURANCE Co boosted its holdings in MidCap Financial Investment by 5.1% in the second quarter. CANADA LIFE ASSURANCE Co now owns 93,857 shares of the company’s stock worth $1,187,000 after purchasing an additional 4,530 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in MidCap Financial Investment by 20,580.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,513 shares of the company’s stock worth $120,000 after purchasing an additional 9,467 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in MidCap Financial Investment by 44.5% in the second quarter. Lazard Asset Management LLC now owns 112,935 shares of the company’s stock worth $1,425,000 after purchasing an additional 34,800 shares during the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC opened at $11.55 on Friday. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. The company has a 50 day simple moving average of $12.54 and a two-hundred day simple moving average of $12.48. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.69 and a beta of 1.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.53 and a current ratio of 3.53.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $81.25 million during the quarter, compared to the consensus estimate of $81.70 million. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. Analysts expect that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were issued a $0.38 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $1.52 annualized dividend and a yield of 13.2%. MidCap Financial Investment’s dividend payout ratio (DPR) is currently 140.74%.

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.