MidCap Financial Investment's (MFIC) "Sector Perform" Rating Reaffirmed at Royal Bank of Canada

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report)'s stock had its "sector perform" rating reissued by research analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They presently have a $14.00 target price on the stock. Royal Bank of Canada's price objective suggests a potential upside of 1.23% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their price target on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Compass Point upgraded MidCap Financial Investment from a "neutral" rating to a "buy" rating and set a $16.00 price objective on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. lowered their price objective on MidCap Financial Investment from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a "market perform" rating to an "outperform" rating and set a $15.00 price objective on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $14.71.

MidCap Financial Investment Stock Performance

MFIC traded up $0.01 during trading hours on Tuesday, reaching $13.83. The company's stock had a trading volume of 248,907 shares, compared to its average volume of 325,097. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36. The company's 50-day moving average is $13.45 and its 200-day moving average is $14.35. 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 firm has a market cap of $1.30 billion, a PE ratio of 8.86 and a beta of 1.50.

Institutional Trading of MidCap Financial Investment

Large investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of MidCap Financial Investment by 71.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after purchasing an additional 809 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of MidCap Financial Investment during the 2nd quarter worth $81,000. Westchester Capital Management LLC acquired a new stake in shares of MidCap Financial Investment during the 3rd quarter worth $103,000. Accel Wealth Management acquired a new stake in shares of MidCap Financial Investment during the 2nd quarter worth $151,000. Finally, HB Wealth Management LLC acquired a new stake in MidCap Financial Investment in the second quarter valued at about $153,000. 28.45% of the stock is owned by institutional investors and hedge funds.

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.