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

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

MFIC has been the subject of several other research reports. Truist Financial decreased their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Royal Bank Of Canada cut their price objective on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 5th. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. lowered their price target on shares of MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Friday. Finally, Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.54.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $10.33 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.65 and a current ratio of 6.65. MidCap Financial Investment has a 52 week low of $9.48 and a 52 week high of $13.51. The firm has a market cap of $952.53 million, a PE ratio of 15.65 and a beta of 0.78. The firm’s fifty day moving average is $11.06 and its 200-day moving average is $11.70.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of ($1.38) million during the quarter, compared to the consensus estimate of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. Sell-side analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in MidCap Financial Investment by 730,509.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after purchasing an additional 4,112,770 shares in the last quarter. Next Capital Management LLC boosted its holdings in shares of MidCap Financial Investment by 84.9% during the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after buying an additional 616,184 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in shares of MidCap Financial Investment during the 4th quarter worth approximately $4,741,000. North Ground Capital grew its position in shares of MidCap Financial Investment by 160.5% during the 4th quarter. North Ground Capital now owns 651,326 shares of the company’s stock worth $7,451,000 after buying an additional 401,326 shares during the period. Finally, UBS Group AG increased its stake in shares of 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 acquiring an additional 323,137 shares in the last quarter. 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.