MidCap Financial Investment (NASDAQ:MFIC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of MidCap Financial Investment (NASDAQ:MFIC) from a strong sell rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on MFIC. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 target price on shares of MidCap Financial Investment in a research report on Monday, August 25th. Raymond James Financial set a $13.50 price target on shares of MidCap Financial Investment and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods reduced their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their price target on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.04.

MidCap Financial Investment Trading Up 1.0%

Shares of MFIC traded up $0.12 during midday trading on Thursday, hitting $11.92. 866,514 shares of the stock were exchanged, compared to its average volume of 571,903. MidCap Financial Investment has a 52-week low of $10.18 and a 52-week high of $14.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34. The stock has a fifty day simple moving average of $11.95 and a 200 day simple moving average of $12.44. The firm has a market cap of $1.11 billion, a P/E ratio of 11.25 and a beta of 0.73.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $82.58 million during the quarter, compared to the consensus estimate of $83.56 million. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%. On average, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, December 9th. MidCap Financial Investment’s dividend payout ratio is presently 143.40%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC purchased a new stake in MidCap Financial Investment in the 3rd quarter worth approximately $1,589,000. Tcfg Wealth Management LLC increased its stake in shares of MidCap Financial Investment by 4.9% during the 3rd quarter. Tcfg Wealth Management LLC now owns 43,687 shares of the company’s stock valued at $524,000 after acquiring an additional 2,031 shares during the last quarter. Camelot Portfolios LLC lifted its holdings in shares of MidCap Financial Investment by 2.2% during 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 during the period. Caxton Associates LLP boosted its position in shares of MidCap Financial Investment by 74.2% in the third quarter. Caxton Associates LLP now owns 22,441 shares of the company’s stock worth $269,000 after acquiring an additional 9,555 shares during the last quarter. Finally, Permanens Capital L.P. purchased a new stake in MidCap Financial Investment in the third quarter valued at approximately $132,000. 28.45% of the stock is owned by institutional investors and hedge funds.

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.