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MidCap Financial Investment Corporation (MFIC) gets rating Upgrade from Keefe Bruyette

MidCap Financial Investment Corporation’s recent filing unveils that its Director PEARLMAN EMANUEL R acquired Company’s shares for reported $12980.0 on Aug 12 ’24. In the deal valued at $12.98 per share,1,000 shares were bought. As a result of this transaction, PEARLMAN EMANUEL R now holds 1,000 shares worth roughly $13450.0.

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Keefe Bruyette upgraded its MidCap Financial Investment Corporation [MFIC] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. Compass Point also remained covering MFIC and has decreased its forecast on June 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. Compass Point revised its rating on August 07, 2023. It rated MFIC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of MFIC

On Tuesday, MidCap Financial Investment Corporation [NASDAQ:MFIC] saw its stock fall -3.03% to $13.45. Over the last five days, the stock has lost -3.10%. MidCap Financial Investment Corporation shares have fallen nearly -0.19% since the year began. Nevertheless, the stocks have risen 0.25% over the past one year. While a 52-week high of $16.12 was reached on 06/07/24, a 52-week low of $12.26 was recorded on 08/05/24. SMA at 50 days reached $14.28, while 200 days put it at $14.49.

Levels Of Support And Resistance For MFIC Stock

The 24-hour chart illustrates a support level at 13.34, which if violated will result in even more drops to 13.23. On the upside, there is a resistance level at 13.53. A further resistance level may holdings at 13.61. The Relative Strength Index (RSI) on the 14-day chart is 37.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.71%. Stochastics %K at 52.38% indicates the stock is a holding.

How much short interest is there in MidCap Financial Investment Corporation?

A steep rise in short interest was recorded in MidCap Financial Investment Corporation stocks on 2024-08-15, dropping by -0.66 million shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.0 million shares. There was a decline of -191.08%, which implies that there is a negative sentiment for the stock.

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