MidCap Financial Investment (NASDAQ:MFIC) Given Sector Perform Rating at Royal Bank of Canada

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

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

MidCap Financial Investment Stock Performance

Shares of MFIC stock remained flat at $13.82 on Tuesday. 66,175 shares of the company were exchanged, compared to its average volume of 324,282. MidCap Financial Investment has a 1 year low of $12.26 and a 1 year high of $16.36. The stock has a market capitalization of $1.30 billion, a P/E ratio of 8.86 and a beta of 1.50. The stock’s 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $14.35. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.

Institutional Trading of MidCap Financial Investment

Hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its stake in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company’s stock valued at $26,000 after acquiring an additional 809 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in MidCap Financial Investment by 4.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock valued at $294,000 after purchasing an additional 837 shares during the last quarter. Muzinich & Co. Inc. grew its position in MidCap Financial Investment by 0.5% during the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock worth $2,499,000 after purchasing an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MidCap Financial Investment by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock valued at $2,420,000 after buying an additional 946 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in MidCap Financial Investment by 4.6% during the second quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock worth $354,000 after acquiring an additional 1,025 shares during the period. Hedge funds and other 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.