MidCap Financial Investment (NASDAQ:MFIC) Sees Strong Trading Volume – Still a Buy?

MidCap Financial Investment Co. (NASDAQ:MFIC) shares saw an uptick in trading volume on Wednesday . 492,673 shares traded hands during trading, an increase of 54% from the previous session’s volume of 320,493 shares.The stock last traded at $13.68 and had previously closed at $14.25.

Analyst Upgrades and Downgrades

MFIC has been the topic of a number of recent analyst reports. 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 boosted their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.86.

MidCap Financial Investment Price Performance

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 stock has a market cap of $1.28 billion, a price-to-earnings ratio of 8.78 and a beta of 1.48. The stock has a 50-day moving average price of $13.80 and a two-hundred day moving average price of $13.69.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The firm had revenue of $82.16 million for the quarter, compared to analysts’ expectations of $86.28 million. As a group, equities research analysts forecast that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in shares of MidCap Financial Investment by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock worth $32,005,000 after buying an additional 102,406 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of MidCap Financial Investment during the 4th quarter valued at about $16,771,000. Legal & General Group Plc boosted its stake in MidCap Financial Investment by 30.6% during the fourth quarter. Legal & General Group Plc now owns 620,824 shares of the company’s stock valued at $8,372,000 after buying an additional 145,402 shares during the last quarter. Ares Management LLC boosted its stake in shares of MidCap Financial Investment by 55.5% during the fourth quarter. Ares Management LLC now owns 482,032 shares of the company’s stock valued at $6,503,000 after purchasing an additional 172,032 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of MidCap Financial Investment by 4.1% during the fourth quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company’s stock valued at $6,240,000 after buying an additional 18,046 shares during the last quarter. 28.45% of the stock is currently owned by institutional investors.

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.