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

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have received an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.4643.

A number of research analysts have recently commented on MFIC shares. JPMorgan Chase & Co. dropped their target price on shares of MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Weiss Ratings lowered MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th.

Institutional Trading of MidCap Financial Investment

Several large investors have recently made changes to their positions in the company. Camelot Portfolios LLC boosted its holdings in MidCap Financial Investment by 8.6% in the second quarter. Camelot Portfolios LLC now owns 62,646 shares of the company’s stock worth $631,000 after acquiring an additional 4,961 shares in the last quarter. Cidel Asset Management Inc. acquired a new stake in shares of MidCap Financial Investment in the 2nd quarter worth about $507,000. Y Intercept Hong Kong Ltd bought a new position in MidCap Financial Investment in the 2nd quarter valued at about $995,000. Confluence Investment Management LLC boosted its position in shares of MidCap Financial Investment by 1.2% during the second quarter. Confluence Investment Management LLC now owns 118,551 shares of the company’s stock valued at $1,195,000 after buying an additional 1,369 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in MidCap Financial Investment during the 1st quarter valued at $158,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

MidCap Financial Investment Stock Down 2.3%

Shares of NASDAQ MFIC opened at $9.48 on Thursday. The stock’s fifty day moving average is $9.99 and its 200 day moving average is $10.73. The stock has a market capitalization of $780.87 million, a P/E ratio of 237.06 and a beta of 0.61. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.42 and a current ratio of 4.42. MidCap Financial Investment has a 52 week low of $9.34 and a 52 week high of $13.34.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. The business had revenue of ($17.79) million for the quarter, compared to analyst estimates of $74.62 million. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. Sell-side analysts forecast that MidCap Financial Investment will post 1.38 earnings per share for the current fiscal year.

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.