Analysts Set MidCap Financial Investment Co. (NASDAQ:MFIC) Price Target at $14.71

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.71.

Several equities analysts have weighed in on MFIC shares. Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, August 5th. Wells Fargo & Company cut their price target on 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of MidCap Financial Investment by 49.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,270,099 shares of the company’s stock valued at $30,079,000 after purchasing an additional 755,436 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of MidCap Financial Investment by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,156,843 shares of the company’s stock valued at $28,880,000 after purchasing an additional 10,669 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of MidCap Financial Investment by 139.5% in the third quarter. Advisors Asset Management Inc. now owns 444,531 shares of the company’s stock worth $5,952,000 after purchasing an additional 258,940 shares during the last quarter. Franklin Resources Inc. boosted its position in MidCap Financial Investment by 32.4% during the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock valued at $5,116,000 after buying an additional 93,972 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in MidCap Financial Investment by 22.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 321,316 shares of the company’s stock worth $4,302,000 after acquiring an additional 58,188 shares during the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Stock Up 0.9 %

MidCap Financial Investment stock opened at $14.17 on Friday. The firm has a 50 day moving average price of $13.52 and a 200-day moving average price of $14.25. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.36. The company has a market capitalization of $1.33 billion, a P/E ratio of 9.08 and a beta of 1.50.

MidCap Financial Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 10.73%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s payout ratio is 97.44%.

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.