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

by · The Cerbat Gem

MidCap Financial Investment Corporation (NASDAQ:MFIC – Get Free Report) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.0357.

MFIC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price target on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Compass Point restated a “neutral” rating and set a $12.25 target price (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of MidCap Financial Investment in a research note on Monday, August 25th. Zacks Research downgraded MidCap Financial Investment from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Wednesday, October 8th.

Check Out Our Latest Research Report on MFIC

Hedge Funds Weigh In On MidCap Financial Investment

A number of hedge funds have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC purchased a new stake in MidCap Financial Investment during the 2nd quarter worth $189,382,000. Thornburg Investment Management Inc. boosted its position in shares of MidCap Financial Investment by 6.8% in the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after buying an additional 200,000 shares during the period. Van ECK Associates Corp grew its stake in shares of MidCap Financial Investment by 5.1% in the third quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock valued at $30,115,000 after buying an additional 121,523 shares in the last quarter. UBS Group AG lifted its position in MidCap Financial Investment by 2.0% during the 3rd quarter. UBS Group AG now owns 1,701,175 shares of the company’s stock worth $20,397,000 after acquiring an additional 33,887 shares in the last quarter. Finally, Next Capital Management LLC boosted its holdings in MidCap Financial Investment by 84.9% in the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after acquiring an additional 616,184 shares during the period. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC traded up $0.29 during midday trading on Friday, hitting $11.83. The company had a trading volume of 650,330 shares, compared to its average volume of 546,270. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.16 and a beta of 1.00. MidCap Financial Investment has a twelve month low of $10.18 and a twelve month high of $14.74. The business has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $12.49. 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 (NASDAQ:MFIC – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $83.56 million. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. Equities research analysts anticipate that MidCap Financial Investment will post 1.73 earnings per share for the current year.

MidCap Financial Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $1.52 annualized dividend and a yield of 12.8%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 143.40%.

MidCap Financial Investment Company Profile

(Get Free Report)

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.

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