Analysts Set MidCap Financial Investment Co. (NASDAQ:MFIC) Price Target at $15.04

MidCap Financial Investment Co. (NASDAQ:MFICGet Free Report) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.25.

A number of equities analysts recently commented on MFIC shares. Citigroup lifted their price target on MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Compass Point downgraded MidCap Financial Investment from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $15.50 to $16.00 in a research note on Monday. Truist Financial lifted their price target on MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their target price on MidCap Financial Investment from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company lifted their target price on MidCap Financial Investment from $15.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, May 13th.

Check Out Our Latest Research Report on MidCap Financial Investment

Institutional Investors Weigh In On MidCap Financial Investment

Hedge funds have recently made changes to their positions in the business. Security National Bank bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $76,000. Tucker Asset Management LLC bought a new stake in shares of MidCap Financial Investment during the fourth quarter valued at approximately $81,000. Parkside Financial Bank & Trust raised its holdings in MidCap Financial Investment by 63.3% during the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock worth $83,000 after purchasing an additional 2,335 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in MidCap Financial Investment during the fourth quarter worth approximately $92,000. Finally, Register Financial Advisors LLC bought a new stake in MidCap Financial Investment during the first quarter worth approximately $114,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Stock Down 1.5 %

Shares of NASDAQ MFIC opened at $15.22 on Friday. MidCap Financial Investment has a 1 year low of $11.93 and a 1 year high of $16.36. The firm has a market cap of $993.11 million, a price-to-earnings ratio of 8.70 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.76 and a current ratio of 2.76. The stock’s 50-day simple moving average is $15.39 and its 200-day simple moving average is $14.52.

MidCap Financial Investment (NASDAQ:MFICGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $68.33 million for the quarter, compared to analyst estimates of $69.48 million. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. As a group, equities analysts anticipate that MidCap Financial Investment will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.99%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 86.86%.

About MidCap Financial Investment

(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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Analyst Recommendations for MidCap Financial Investment (NASDAQ:MFIC)

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