Brokerages Set MidCap Financial Investment Co. (NASDAQ:MFIC) PT at $14.71

MidCap Financial Investment Co. (NASDAQ:MFIC) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.71.

A number of research firms have recently weighed in on MFIC. Royal Bank of Canada restated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company cut their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th.

MidCap Financial Investment Trading Down 0.6 %

NASDAQ:MFIC opened at $14.10 on Friday. The company has a market capitalization of $1.32 billion, a P/E ratio of 9.04 and a beta of 1.49. The stock’s 50 day moving average price is $13.57 and its 200 day moving average price is $14.23. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 10.78%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s dividend payout ratio is currently 97.44%.

Institutional Trading of MidCap Financial Investment

Hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its position in MidCap Financial Investment by 71.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock worth $26,000 after buying an additional 809 shares during the period. Anchor Investment Management LLC bought a new position in MidCap Financial Investment during the third quarter worth $35,000. Brown Brothers Harriman & Co. acquired a new position in MidCap Financial Investment during the 2nd quarter valued at $81,000. Westchester Capital Management LLC bought a new stake in MidCap Financial Investment in the 3rd quarter valued at $103,000. Finally, Accel Wealth Management bought a new stake in MidCap Financial Investment in the 2nd quarter valued at $151,000. Institutional investors own 28.45% of the company’s stock.

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.