MidCap Financial Investment (NASDAQ:MFIC) Stock Rating Lowered by Wells Fargo & Company

MidCap Financial Investment (NASDAQ:MFIC) was downgraded by equities researchers at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other analysts have also commented on MFIC. JPMorgan Chase & Co. reduced their price target 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. Raymond James Financial set a $13.50 target price on MidCap Financial Investment and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Compass Point reaffirmed a “neutral” rating and issued a $12.25 price target (down previously from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. Finally, Keefe, Bruyette & Woods lowered their price target on 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. Two 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 company presently has an average rating of “Hold” and a consensus target price of $12.75.

MidCap Financial Investment Trading Down 4.5%

Shares of MFIC stock opened at $11.06 on Wednesday. The company’s 50-day moving average price is $11.82 and its 200-day moving average price is $12.29. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 10.43 and a beta of 0.74. MidCap Financial Investment has a twelve month low of $10.18 and a twelve month high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The firm had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $83.56 million. As a group, equities analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On MidCap Financial Investment

Several hedge funds have recently bought and sold shares of the company. Caxton Associates LLP purchased a new position in MidCap Financial Investment during the 1st quarter valued at about $166,000. Ransom Advisory Ltd purchased a new stake in MidCap Financial Investment during the first quarter worth about $28,000. Confluence Investment Management LLC lifted its position in shares of MidCap Financial Investment by 84.0% during the second quarter. Confluence Investment Management LLC now owns 165,155 shares of the company’s stock worth $2,084,000 after purchasing an additional 75,407 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of MidCap Financial Investment in the second quarter valued at approximately $189,382,000. Finally, Signaturefd LLC grew its holdings in shares of MidCap Financial Investment by 88.5% in the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after purchasing an additional 1,590 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.