MidCap Financial Investment (NASDAQ:MFIC) Posts Quarterly Earnings Results, Hits Expectations

MidCap Financial Investment (NASDAQ:MFIC) posted its earnings results on Tuesday. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40, Zacks reports. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%.

MidCap Financial Investment Stock Down 1.7 %

Shares of NASDAQ MFIC traded down $0.25 during midday trading on Tuesday, reaching $14.27. 606,276 shares of the company’s stock were exchanged, compared to its average volume of 318,433. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The business’s fifty day moving average price is $13.79 and its two-hundred day moving average price is $13.68. The stock has a market capitalization of $1.34 billion, a PE ratio of 9.14 and a beta of 1.48.

Analyst Ratings Changes

Several research firms have commented on MFIC. Wells Fargo & Company raised their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, MidCap Financial Investment currently has an average rating of “Moderate Buy” and an average price target of $14.86.

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.