MidCap Financial Investment (NASDAQ:MFIC) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company cut shares of MidCap Financial Investment (NASDAQ:MFIC) from an overweight rating to an equal weight rating in a research note published on Wednesday, Marketbeat reports. Wells Fargo & Company currently has $11.00 price objective on the stock, down from their previous price objective of $13.00.

Other analysts also recently issued research reports about the company. Compass Point reiterated a “neutral” rating and issued a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. JPMorgan Chase & Co. reduced their target price on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Keefe, Bruyette & Woods reduced 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. Finally, Raymond James Financial set a $13.50 target price on shares of MidCap Financial Investment and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.75.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock opened at $11.47 on Wednesday. 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 has a market cap of $1.07 billion, a PE ratio of 10.82 and a beta of 0.74. The firm has a fifty day moving average price of $11.79 and a two-hundred day moving average price of $12.28. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $14.74.

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

MidCap Financial Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.38 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.52 dividend on an annualized basis and a yield of 13.3%. MidCap Financial Investment’s dividend payout ratio is 143.40%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Caxton Associates LLP acquired a new stake in shares of MidCap Financial Investment during the 1st quarter worth approximately $166,000. Ransom Advisory Ltd acquired a new stake in MidCap Financial Investment during the 1st quarter worth $28,000. Confluence Investment Management LLC raised its position in shares of MidCap Financial Investment by 84.0% during the 2nd quarter. Confluence Investment Management LLC now owns 165,155 shares of the company’s stock valued at $2,084,000 after acquiring an additional 75,407 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of MidCap Financial Investment in the 2nd quarter valued at $189,382,000. Finally, Signaturefd LLC lifted its stake in shares of MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after purchasing an additional 1,590 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 (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.