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

MidCap Financial Investment (NASDAQ:MFIC) posted its quarterly earnings results on Tuesday. The company reported $0.40 EPS 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 Trading Down 1.7 %

Shares of MFIC opened at $14.27 on Wednesday. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.36. The stock has a 50-day moving average price of $13.80 and a 200 day moving average price of $13.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company has a market capitalization of $1.34 billion, a P/E ratio of 9.14 and a beta of 1.48.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MFIC shares. Wells Fargo & Company lifted their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MidCap Financial Investment presently has a consensus 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.