MidCap Financial Investment Corporation (NASDAQ:MFIC) Given Consensus Rating of “Hold” by Brokerages

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.0357.

MFIC has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a report on Monday, November 10th. Zacks Research upgraded MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Compass Point reissued a “neutral” rating and set a $12.25 target price (down from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. Raymond James Financial set a $13.50 price target on MidCap Financial Investment and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th.

Institutional Trading of MidCap Financial Investment

Several large investors have recently modified their holdings of MFIC. Naviter Wealth LLC increased its position in MidCap Financial Investment by 0.4% during the third quarter. Naviter Wealth LLC now owns 204,109 shares of the company’s stock worth $2,447,000 after buying an additional 850 shares in the last quarter. CW Advisors LLC boosted its stake in shares of MidCap Financial Investment by 3.3% during the first quarter. CW Advisors LLC now owns 29,539 shares of the company’s stock valued at $380,000 after acquiring an additional 945 shares during the last quarter. NewEdge Advisors LLC increased its position in MidCap Financial Investment by 4.3% during the 2nd quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock worth $308,000 after purchasing an additional 1,000 shares in the last quarter. ProShare Advisors LLC raised its stake in MidCap Financial Investment by 5.8% in the 3rd quarter. ProShare Advisors LLC now owns 19,622 shares of the company’s stock valued at $235,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in MidCap Financial Investment by 1.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 77,277 shares of the company’s stock valued at $975,000 after purchasing an additional 1,111 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Trading Down 0.1%

NASDAQ:MFIC opened at $11.80 on Wednesday. The stock’s 50 day moving average price is $11.95 and its 200 day moving average price is $12.42. The company has a market capitalization of $1.10 billion, a PE ratio of 11.13 and a beta of 0.73. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. MidCap Financial Investment has a 52-week low of $10.18 and a 52-week high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The company had revenue of $82.58 million for the quarter, compared to the consensus estimate of $83.56 million. On average, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.52 annualized dividend and a dividend yield of 12.9%. MidCap Financial Investment’s payout ratio is 143.40%.

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.