MidCap Financial Investment (NASDAQ:MFIC) Receives “Sector Perform” Rating from Royal Bank of Canada

MidCap Financial Investment (NASDAQ:MFIC)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a note issued to investors on Tuesday,Benzinga reports. They currently have a $14.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 1.30% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Keefe, Bruyette & Woods raised shares of MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Monday, August 5th. Compass Point upgraded MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, July 25th. Finally, Wells Fargo & Company decreased their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock remained flat at $13.82 on Tuesday. The stock had a trading volume of 66,175 shares, compared to its average volume of 324,282. 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 $1.30 billion, a P/E ratio of 8.86 and a beta of 1.50. The business has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $14.35. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.36.

Institutional Investors Weigh In On MidCap Financial Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its holdings in shares of 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 period. Advisors Asset Management Inc. lifted its holdings in MidCap Financial Investment by 11.7% in the first quarter. Advisors Asset Management Inc. now owns 141,318 shares of the company’s stock valued at $2,125,000 after acquiring an additional 14,779 shares during the last quarter. Virtu Financial LLC grew its position in MidCap Financial Investment by 11.8% in the first quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock worth $204,000 after acquiring an additional 1,429 shares during the period. Cetera Advisors LLC acquired a new stake in MidCap Financial Investment during the first quarter worth $161,000. Finally, DNB Asset Management AS raised its position in MidCap Financial Investment by 19.3% in the second quarter. DNB Asset Management AS now owns 169,451 shares of the company’s stock valued at $2,565,000 after purchasing an additional 27,403 shares during the period. Institutional investors and hedge funds 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.