MidCap Financial Investment (NASDAQ:MFIC) Sees Strong Trading Volume – Should You Buy?

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) saw an uptick in trading volume on Wednesday . 975,546 shares changed hands during mid-day trading, an increase of 130% from the previous session’s volume of 423,769 shares.The stock last traded at $12.56 and had previously closed at $12.42.

Analysts Set New Price Targets

A number of research firms recently weighed in on MFIC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.60.

MidCap Financial Investment Price Performance

The company has a 50 day moving average price of $13.75 and a 200 day moving average price of $13.66. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.19 billion, a P/E ratio of 8.12 and a beta of 1.49.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. On average, equities analysts predict that MidCap Financial Investment Co. will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 12.01%. The ex-dividend date is Tuesday, March 11th. MidCap Financial Investment’s payout ratio is presently 116.03%.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position in shares of MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after purchasing an additional 809 shares during the period. Anchor Investment Management LLC bought a new stake in shares of MidCap Financial Investment in the third quarter valued at about $35,000. Allworth Financial LP boosted its position in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after acquiring an additional 1,699 shares during the period. Westchester Capital Management LLC bought a new stake in shares of MidCap Financial Investment in the third quarter valued at about $103,000. Finally, Entropy Technologies LP bought a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $155,000. 28.45% of the stock is owned by institutional investors.

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.