MidCap Financial Investment (NASDAQ:MFIC) Lowered to Sell Rating by Wall Street Zen

MidCap Financial Investment (NASDAQ:MFIC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other analysts also recently issued reports on MFIC. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price objective on shares of MidCap Financial Investment in a research report on Monday, August 25th. Zacks Research lowered shares of MidCap Financial Investment from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Raymond James Financial set a $13.50 price target on shares of MidCap Financial Investment and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Compass Point reissued a “neutral” rating and set a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MidCap Financial Investment currently has an average rating of “Hold” and a consensus target price of $13.04.

MidCap Financial Investment Stock Up 0.7%

MFIC stock opened at $12.20 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.34 and a quick ratio of 4.34. The company’s 50 day simple moving average is $11.93 and its 200-day simple moving average is $12.49. MidCap Financial Investment has a 12 month low of $10.18 and a 12 month high of $14.74. The firm has a market capitalization of $1.14 billion, a PE ratio of 11.51 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $82.58 million for the quarter, compared to analyst estimates of $83.56 million. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%. Equities analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MidCap Financial Investment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Preservation Advisors LLC acquired a new position in shares of MidCap Financial Investment in the 1st quarter valued at $26,000. Ransom Advisory Ltd purchased a new position in shares of MidCap Financial Investment in the 1st quarter worth $28,000. Ameritas Advisory Services LLC purchased a new position in shares of MidCap Financial Investment in the 2nd quarter worth $32,000. Physician Wealth Advisors Inc. acquired a new position in MidCap Financial Investment in the third quarter valued at $42,000. Finally, Signaturefd LLC grew its position in MidCap Financial Investment by 88.5% during the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after acquiring an additional 1,590 shares during the period. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.