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

MidCap Financial Investment (NASDAQ:MFIC) released its quarterly earnings data on Tuesday. The company reported $0.40 earnings per share for the quarter, meeting 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%. The firm had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million.

MidCap Financial Investment Trading Down 0.6 %

Shares of NASDAQ MFIC traded down $0.09 during trading on Thursday, hitting $13.67. 109,418 shares of the company were exchanged, compared to its average volume of 342,245. MidCap Financial Investment has a 12-month low of $12.26 and a 12-month high of $16.36. 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 fifty day moving average price of $13.82 and a 200-day moving average price of $13.69. The firm has a market capitalization of $1.28 billion, a PE ratio of 8.75 and a beta of 1.48.

Wall Street Analyst Weigh In

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