Several institutional investors have adjusted their holdings in MidCap Financial Investment (MFIC). Farther Finance Advisors LLC increased its stake by 4.6% in Q2, now holding 23,362 shares worth $354,000. International Assets Investment Management LLC boosted its shares by 5.0% in Q1, totaling 21,951 shares valued at $327,000. Janney Montgomery Scott LLC raised its position by 5.3% to 20,748 shares worth $312,000. Sumitomo Mitsui Trust Holdings Inc. slightly increased its stake by 0.6%, owning 182,130 shares valued at $2.739 million. Virtu Financial LLC raised its stake by 11.8% to 13,559 shares worth $204,000. Overall, institutional investors hold 28.45% of MFIC stock.
Analyst Ratings
Analysts have recently adjusted their ratings on MFIC. JPMorgan lowered its target from $15.00 to $14.00 with a “neutral” rating. Keefe, Bruyette & Woods upgraded MFIC from “market perform” to “outperform,” setting a $15.00 target. Wells Fargo cut its price target from $16.00 to $15.00 and maintained an “overweight” rating. Compass Point upgraded its rating from “neutral” to “buy” with a $16.00 target. Currently, there are three hold ratings and four buy ratings, giving MFIC an average rating of “Moderate Buy” and a consensus target of $15.00.
Check Our Latest Stock Analysis on MidCap Financial Investment
MidCap Financial Investment Stock Performance
MidCap Financial Investment stock opened at $13.22. It has a current ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock’s one-year low is $12.26, and its high is $16.36. Its market cap is $862.64 million, with a P/E ratio of 7.55. In the last earnings report, it posted $0.45 EPS, exceeding estimates of $0.43. Revenue was $69.16 million, higher than expected. Analysts anticipate a full-year EPS of 1.72.
Dividend Increase
The company also announced a quarterly dividend of $0.38 per share paid on September 26, up from the previous $0.20. This amounts to an annual dividend of $1.52, yielding 11.50%. The ex-dividend date was September 10, and the dividend payout ratio is 86.86%.
About MidCap Financial Investment
(Free Report) MidCap Financial Investment Corporation specializes in private equity investments as a closed-end management investment company under the Investment Company Act of 1940.
Further Reading
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