MidCap Financial Investment (NASDAQ:MFIC) Hits New 1-Year High at $15.07

MidCap Financial Investment Co. (NASDAQ:MFIC) shares reached a new 52-week high on Thursday . The stock traded as high as $15.07 and last traded at $15.01, with a volume of 100375 shares. The stock had previously closed at $14.92.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MFIC. Truist Financial upped their target price on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Citigroup increased their price target on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Royal Bank of Canada raised their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on shares of 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 increased their price target on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the company an “overweight” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.79.

MidCap Financial Investment Trading Up 0.8 %

The stock has a 50 day simple moving average of $14.26 and a 200-day simple moving average of $13.71. The firm has a market capitalization of $981.36 million, a P/E ratio of 8.20 and a beta of 1.47. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 1.45.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. MidCap Financial Investment had a return on equity of 15.50% and a net margin of 42.95%. The company had revenue of $71.95 million during the quarter, compared to the consensus estimate of $68.44 million. During the same period in the previous year, the company posted $0.43 EPS. On average, equities research analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th will be issued a dividend of $0.38 per share. The ex-dividend date is Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 10.11%. MidCap Financial Investment’s dividend payout ratio (DPR) is 83.52%.

Hedge Funds Weigh In On MidCap Financial Investment

Several hedge funds have recently bought and sold shares of MFIC. Tower Research Capital LLC TRC grew its position in shares of MidCap Financial Investment by 74.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,433 shares of the company’s stock worth $33,000 after buying an additional 1,038 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $41,000. Deutsche Bank AG purchased a new stake in shares of MidCap Financial Investment during the 1st quarter worth $40,000. Comerica Bank lifted its stake in shares of MidCap Financial Investment by 138,500.0% during the 3rd quarter. Comerica Bank now owns 5,544 shares of the company’s stock worth $76,000 after purchasing an additional 5,540 shares during the last quarter. Finally, Security National Bank purchased a new stake in shares of MidCap Financial Investment during the 4th quarter worth $76,000. 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.