Brokerages Set MidCap Financial Investment Corporation (NASDAQ:MFIC) Target Price at $12.75

MidCap Financial Investment Corporation (NASDAQ:MFIC) has earned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.75.

A number of equities research analysts have recently issued reports on MFIC shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 price objective (down previously from $13.00) on shares of MidCap Financial Investment in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lowered 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 report on Monday, November 10th. Compass Point reaffirmed a “neutral” rating and set a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Wall Street Zen upgraded shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd.

Institutional Trading of MidCap Financial Investment

A number of hedge funds have recently made changes to their positions in MFIC. Northwestern Mutual Wealth Management Co. raised its stake in MidCap Financial Investment by 730,509.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock valued at $47,057,000 after acquiring an additional 4,112,770 shares during the period. Thornburg Investment Management Inc. raised its position in shares of MidCap Financial Investment by 6.8% in the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock valued at $37,622,000 after purchasing an additional 200,000 shares during the period. Van ECK Associates Corp boosted its holdings in shares of MidCap Financial Investment by 5.1% during the 3rd quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after buying an additional 121,523 shares during the period. UBS Group AG grew its stake in MidCap Financial Investment by 19.0% in the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock valued at $23,158,000 after buying an additional 323,137 shares during the last quarter. Finally, Next Capital Management LLC raised its holdings in MidCap Financial Investment by 84.9% in the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock valued at $16,086,000 after acquiring an additional 616,184 shares during the period. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Trading Up 1.0%

Shares of NASDAQ:MFIC opened at $11.42 on Thursday. The company’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $12.04. MidCap Financial Investment has a one year low of $10.18 and a one year high of $14.74. 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 stock has a market capitalization of $1.07 billion, a PE ratio of 10.77 and a beta of 0.77.

MidCap Financial Investment Company Profile

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.