MidCap Financial Investment Corporation (NASDAQ:MFIC) Receives Average Rating of “Hold” from Analysts

MidCap Financial Investment Corporation (NASDAQ:MFIC) has received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.75.

A number of research analysts recently commented on MFIC shares. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Keefe, Bruyette & Woods cut their price objective 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. Compass Point reissued a “neutral” rating and set a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. dropped their target price on 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.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock opened at $11.28 on Thursday. MidCap Financial Investment has a 12 month low of $10.18 and a 12 month high of $14.74. 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 stock has a market cap of $1.05 billion, a PE ratio of 10.64 and a beta of 0.77. The business has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $12.09.

MidCap Financial Investment (NASDAQ:MFIC) last announced 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 return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of $82.58 million during the quarter, compared to the consensus estimate of $83.56 million. On average, sell-side analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On MidCap Financial Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caxton Associates LLP bought a new stake in MidCap Financial Investment in the first quarter worth approximately $166,000. Ameritas Advisory Services LLC acquired a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at $32,000. Tyche Wealth Partners LLC boosted its holdings in MidCap Financial Investment by 20.5% in the second quarter. Tyche Wealth Partners LLC now owns 23,500 shares of the company’s stock worth $297,000 after purchasing an additional 4,000 shares in the last quarter. Naviter Wealth LLC increased its position in MidCap Financial Investment by 2.9% during the second quarter. Naviter Wealth LLC now owns 203,259 shares of the company’s stock worth $2,565,000 after buying an additional 5,765 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of MidCap Financial Investment by 4.8% in the second quarter. D.A. Davidson & CO. now owns 328,055 shares of the company’s stock worth $4,140,000 after buying an additional 15,132 shares during the last quarter. Institutional investors 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.