MidCap Financial Investment (NASDAQ:MFIC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of MidCap Financial Investment (NASDAQ:MFIC) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other research firms also recently commented on MFIC. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Zacks Research cut shares of MidCap Financial Investment from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Keefe, Bruyette & Woods reduced their price objective on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Raymond James Financial set a $13.50 target price on MidCap Financial Investment and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.04.

MidCap Financial Investment Trading Up 0.2%

NASDAQ MFIC opened at $12.26 on Friday. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. The stock’s 50-day simple moving average is $11.94 and its two-hundred day simple moving average is $12.46. MidCap Financial Investment has a twelve month low of $10.18 and a twelve month high of $14.74. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.57 and a beta of 0.73.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $83.56 million. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%. Research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Tuesday, December 9th. MidCap Financial Investment’s dividend payout ratio is currently 143.40%.

Institutional Investors Weigh In On MidCap Financial Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC bought a new position in MidCap Financial Investment in the third quarter worth $1,589,000. Tcfg Wealth Management LLC grew its position in shares of MidCap Financial Investment by 4.9% in the 3rd quarter. Tcfg Wealth Management LLC now owns 43,687 shares of the company’s stock worth $524,000 after buying an additional 2,031 shares during the period. Camelot Portfolios LLC increased its stake in shares of MidCap Financial Investment by 2.2% in the 3rd quarter. Camelot Portfolios LLC now owns 63,262 shares of the company’s stock worth $759,000 after acquiring an additional 1,378 shares in the last quarter. Caxton Associates LLP lifted its position in MidCap Financial Investment by 74.2% during the 3rd quarter. Caxton Associates LLP now owns 22,441 shares of the company’s stock valued at $269,000 after acquiring an additional 9,555 shares during the period. Finally, Permanens Capital L.P. bought a new stake in MidCap Financial Investment during the third quarter worth about $132,000. 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.