MidCap Financial Investment (NASDAQ:MFIC) Posts Earnings Results

Key Points

• MidCap Financial Investment reported **$0.39 earnings per share (EPS)** for the quarter, beating analysts' expectations of $0.37.
• The company has an **average analyst rating of "Hold"** with a consensus price target of **$13.50**, following recent downgrades from several brokerage firms.
• **28.45% of MidCap Financial's stock is owned by institutional investors**, highlighting growing interest from larger investment firms.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) announced its earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02, Zacks reports. MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%.

MidCap Financial Investment Trading Up 0.2%

Shares of MFIC stock traded up $0.03 during trading hours on Monday, hitting $12.62. 442,845 shares of the company's stock traded hands, compared to its average volume of 337,209. MidCap Financial Investment has a 12 month low of $10.18 and a 12 month high of $14.74. The stock's 50 day simple moving average is $12.73 and its 200 day simple moving average is $12.82. The stock has a market cap of $1.18 billion, a PE ratio of 7.58 and a beta of 0.99. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39.

Analyst Upgrades and Downgrades

MFIC has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lowered shares of MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 target price on the stock. in a research report on Wednesday, July 23rd. Truist Financial reduced their price target on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company reduced their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, MidCap Financial Investment currently has an average rating of "Hold" and a consensus price target of $13.50.

Hedge Funds Weigh In On MidCap Financial Investment

An institutional investor recently bought a new position in MidCap Financial Investment stock. Caxton Associates LLP acquired a new stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,886 shares of the company's stock, valued at approximately $166,000. 28.45% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.