MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $86.28 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
MidCap Financial Investment Price Performance
MFIC stock opened at $14.60 on Friday. The firm has a 50 day moving average of $13.77 and a 200-day moving average of $13.66. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a 12 month low of $12.26 and a 12 month high of $16.36. The firm has a market capitalization of $1.37 billion, a P/E ratio of 9.36 and a beta of 1.48.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on MFIC shares. Wells Fargo & Company lifted their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research report 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 research report on Tuesday, November 19th. Three research 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 an average target price 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.
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