MidCap Financial Investment (NASDAQ:MFIC) Upgraded at Wall Street Zen

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

Other equities analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price objective on shares of MidCap Financial Investment in a research note on Monday, August 25th. Keefe, Bruyette & Woods dropped their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, November 10th. Zacks Research lowered shares of MidCap Financial Investment from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MidCap Financial Investment has a consensus rating of “Hold” and a consensus price target of $13.04.

MidCap Financial Investment Stock Up 0.2%

Shares of NASDAQ MFIC opened at $12.26 on Friday. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $11.94 and its two-hundred day moving average is $12.47. MidCap Financial Investment has a 52-week low of $10.18 and a 52-week high of $14.74. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 11.57 and a beta of 0.73.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $82.58 million during 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%. Research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of MidCap Financial Investment by 32.7% during the first quarter. LPL Financial LLC now owns 562,137 shares of the company’s stock worth $7,229,000 after purchasing an additional 138,454 shares in the last quarter. US Bancorp DE lifted its holdings in MidCap Financial Investment by 7.1% during the 1st quarter. US Bancorp DE now owns 25,277 shares of the company’s stock worth $325,000 after buying an additional 1,668 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of MidCap Financial Investment by 364.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,142 shares of the company’s stock worth $182,000 after acquiring an additional 11,100 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of MidCap Financial Investment in the 1st quarter valued at about $235,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of MidCap Financial Investment by 8.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,696 shares of the company’s stock worth $1,334,000 after acquiring an additional 8,176 shares in the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

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.