MidCap Financial Investment Co. (NASDAQ:MFIC) Receives Average Rating of "Moderate Buy" from Brokerages

MidCap Financial Investment Co. (NASDAQ:MFIC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.86.

A number of research firms recently issued reports on MFIC. Wells Fargo & Company increased their price target on shares of 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 reiterated a "sector perform" rating and set a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th.

MidCap Financial Investment Trading Up 0.8 %

MidCap Financial Investment stock traded up $0.11 during mid-day trading on Wednesday, reaching $14.33. 278,603 shares of the company traded hands, compared to its average volume of 322,543. The firm's 50 day moving average price is $13.66 and its 200 day moving average price is $13.62. MidCap Financial Investment has a 52-week low of $12.26 and a 52-week high of $16.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 9.19 and a beta of 1.48.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. DKM Wealth Management Inc. purchased a new stake in shares of MidCap Financial Investment in the 4th quarter worth approximately $317,000. StoneX Group Inc. bought a new stake in MidCap Financial Investment in the fourth quarter worth $180,000. Franklin Resources Inc. boosted its holdings in MidCap Financial Investment by 15.3% in the fourth quarter. Franklin Resources Inc. now owns 442,643 shares of the company's stock worth $5,971,000 after acquiring an additional 58,589 shares in the last quarter. DnB Asset Management AS grew its stake in shares of MidCap Financial Investment by 5.4% in the fourth quarter. DnB Asset Management AS now owns 180,881 shares of the company's stock worth $2,440,000 after acquiring an additional 9,193 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of MidCap Financial Investment by 247.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock valued at $91,000 after acquiring an additional 4,793 shares in the last quarter. Institutional investors own 28.45% of the company's stock.

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.