Shares of MidCap Financial Investment Co. (NASDAQ:MFIC – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.00.
MFIC has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Truist Financial reduced their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 14th. Finally, Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th.
Check Out Our Latest Analysis on MFIC
Institutional Inflows and Outflows
MidCap Financial Investment Price Performance
Shares of NASDAQ MFIC opened at $12.51 on Friday. MidCap Financial Investment has a 1 year low of $10.18 and a 1 year high of $15.70. The stock has a market capitalization of $1.17 billion, a P/E ratio of 8.02 and a beta of 0.99. The company’s 50-day moving average is $12.22 and its 200 day moving average is $13.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.
MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $82.49 million. On average, sell-side analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current year.
MidCap Financial Investment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 12.15%. The ex-dividend date of this dividend is Tuesday, June 10th. MidCap Financial Investment’s payout ratio is presently 122.58%.
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.
See Also
- Five stocks we like better than MidCap Financial Investment
- Why is the Ex-Dividend Date Significant to Investors?
- Ignore the Noise—Samsara Stock Is Still a Strong Buy
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- 3 Stocks Set to Double—And There’s Still Time to Buy
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Analysts Can’t Get Enough of These Little-Known Biopharma Stocks
Receive News & Ratings for MidCap Financial Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidCap Financial Investment and related companies with MarketBeat.com's FREE daily email newsletter.