MidCap Financial Investment (NASDAQ:MFIC) Sees Unusually-High Trading Volume – Still a Buy?

MidCap Financial Investment Co. (NASDAQ:MFIC) saw strong trading volume on Wednesday . 492,673 shares were traded during trading, an increase of 54% from the previous session’s volume of 320,493 shares.The stock last traded at $13.68 and had previously closed at $14.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MFIC shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 price target on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their price objective on MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.86.

MidCap Financial Investment Trading Down 3.9 %

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 firm has a market capitalization of $1.28 billion, a PE ratio of 8.78 and a beta of 1.48. The firm’s 50-day simple moving average is $13.80 and its 200-day simple moving average is $13.69.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The firm had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. Equities analysts expect that MidCap Financial Investment Co. will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MFIC. Nomura Asset Management Co. Ltd. raised its position in 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 buying an additional 809 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in MidCap Financial Investment by 4.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock worth $294,000 after acquiring an additional 837 shares during the period. Muzinich & Co. Inc. boosted its position in shares of MidCap Financial Investment by 0.5% in the 3rd quarter. Muzinich & Co. Inc. now owns 186,599 shares of the company’s stock valued at $2,499,000 after purchasing an additional 946 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of MidCap Financial Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,756 shares of the company’s stock worth $2,420,000 after purchasing an additional 946 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in shares of MidCap Financial Investment by 1.2% in the 4th quarter. Stephens Inc. AR now owns 84,491 shares of the company’s stock valued at $1,140,000 after purchasing an additional 1,000 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.