MidCap Financial Investment (MFIC) Expected to Announce Quarterly Earnings on Tuesday

MidCap Financial Investment (NASDAQ:MFIC) will likely be issuing 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 listening to the company’s conference call can do so using this link.

MidCap Financial Investment Price Performance

NASDAQ MFIC opened at $14.60 on Monday. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week 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. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $13.77 and a 200-day moving average price of $13.67.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MFIC shares. Wells Fargo & Company boosted their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the company 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 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.86.

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.