MidCap Financial Investment (NASDAQ:MFIC) Lifted to "Buy" at Compass Point

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) was upgraded by research analysts at Compass Point from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday, FinViz reports. The brokerage currently has a $16.00 target price on the stock. Compass Point's price objective points to a potential upside of 13.88% from the stock's current price.

Separately, Wells Fargo & Company lifted their price objective on MidCap Financial Investment from $15.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.25.

Get Our Latest Research Report on MidCap Financial Investment

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $14.05 on Thursday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40. MidCap Financial Investment has a fifty-two week low of $12.51 and a fifty-two week high of $16.36. The business has a fifty day moving average of $15.45 and a 200-day moving average of $14.87. The stock has a market cap of $916.76 million, a price-to-earnings ratio of 8.03 and a beta of 1.50.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $68.33 million for the quarter, compared to analyst estimates of $69.48 million. MidCap Financial Investment had a net margin of 41.19% and a return on equity of 11.51%. As a group, analysts predict that MidCap Financial Investment will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in MidCap Financial Investment by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 21,951 shares of the company's stock worth $327,000 after buying an additional 1,041 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in MidCap Financial Investment by 5.3% in the first quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company's stock valued at $312,000 after purchasing an additional 1,048 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in MidCap Financial Investment by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company's stock valued at $2,739,000 after purchasing an additional 1,057 shares in the last quarter. Virtu Financial LLC increased its holdings in MidCap Financial Investment by 11.8% during the 1st quarter. Virtu Financial LLC now owns 13,559 shares of the company's stock worth $204,000 after purchasing an additional 1,429 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of MidCap Financial Investment by 20.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,738 shares of the company's stock valued at $188,000 after purchasing an additional 2,377 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

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.

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