MidCap Financial Investment (NASDAQ:MFIC) Releases Earnings Results, Meets Expectations

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

MidCap Financial Investment Stock Down 1.7 %

Shares of NASDAQ:MFIC traded down $0.25 during trading on Tuesday, reaching $14.27. The stock had a trading volume of 606,276 shares, compared to its average volume of 318,377. The firm’s 50-day simple moving average is $13.79 and its 200 day simple moving average is $13.68. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.36. The company has a market capitalization of $1.34 billion, a P/E ratio of 9.14 and a beta of 1.48.

Wall Street Analysts Forecast Growth

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

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.