MidCap Financial Investment (NASDAQ:MFIC) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of MidCap Financial Investment (NASDAQ:MFIC) from a market perform rating to an outperform rating in a research report report published on Monday, MarketBeat.com reports. The firm currently has $15.00 target price on the stock.

Several other equities analysts have also commented on MFIC. JPMorgan Chase & Co. lowered their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a neutral rating for the company in a research report on Monday, July 29th. Compass Point raised shares of MidCap Financial Investment from a neutral rating to a buy rating and set a $16.00 target price on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of MidCap Financial Investment from $15.50 to $16.00 and gave the company an overweight rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $15.14.

MidCap Financial Investment Price Performance

MFIC stock opened at $13.02 on Monday. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $14.88. The firm has a market capitalization of $849.59 million, a P/E ratio of 7.44 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. The business had revenue of $68.33 million during the quarter, compared to analyst estimates of $69.48 million. Analysts anticipate that MidCap Financial Investment will post 1.71 earnings per share for the current fiscal year.

MidCap Financial Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend is Monday, August 5th. MidCap Financial Investment’s dividend payout ratio is presently 86.86%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MFIC. Security National Bank purchased a new position in MidCap Financial Investment during the 4th quarter valued at about $76,000. Tucker Asset Management LLC purchased a new position in MidCap Financial Investment during the 4th quarter valued at about $81,000. Cape Investment Advisory Inc. purchased a new position in MidCap Financial Investment during the 4th quarter valued at about $92,000. Register Financial Advisors LLC purchased a new position in MidCap Financial Investment during the 1st quarter valued at about $114,000. Finally, Accel Wealth Management purchased a new position in MidCap Financial Investment during the 2nd quarter valued at about $151,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

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.