MidCap Financial Investment (NASDAQ:MFIC) Cut to Hold at Truist Financial

Truist Financial downgraded shares of MidCap Financial Investment (NASDAQ:MFIC) from a buy rating to a hold rating in a report published on Monday, MarketBeat.com reports. They currently have $11.00 price objective on the stock, down from their previous price objective of $12.00.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded MidCap Financial Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Wells Fargo & Company lowered their target price on MidCap Financial Investment from $10.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada dropped their target price on MidCap Financial Investment from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 12th. Finally, Raymond James Financial lowered shares of MidCap Financial Investment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 28th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $10.39.

MidCap Financial Investment Trading Up 0.3%

MidCap Financial Investment stock opened at $10.33 on Monday. The company has a 50 day moving average price of $9.08 and a 200 day moving average price of $10.25. MidCap Financial Investment has a 52 week low of $8.11 and a 52 week high of $12.34. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.78 and a current ratio of 3.78. The firm has a market capitalization of $850.88 million, a price-to-earnings ratio of 6.65 and a beta of 0.59.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Wednesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of ($9.12) million for the quarter, compared to the consensus estimate of $67.80 million. MidCap Financial Investment had a negative net margin of 9.85% and a positive return on equity of 11.17%. Research analysts forecast that MidCap Financial Investment will post 1.49 EPS for the current year.

Institutional Trading of MidCap Financial Investment

Several hedge funds and other institutional investors have recently modified their holdings of MFIC. Confluence Investment Management LLC increased its holdings in MidCap Financial Investment by 1.2% in the second quarter. Confluence Investment Management LLC now owns 118,551 shares of the company’s stock worth $1,195,000 after buying an additional 1,369 shares during the last quarter. Meridian Investment Counsel Inc. raised its position in MidCap Financial Investment by 3.7% during the first quarter. Meridian Investment Counsel Inc. now owns 39,113 shares of the company’s stock valued at $440,000 after acquiring an additional 1,400 shares in the last quarter. Sigma Planning Corp lifted its stake in MidCap Financial Investment by 2.4% in the first quarter. Sigma Planning Corp now owns 73,561 shares of the company’s stock valued at $827,000 after acquiring an additional 1,719 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in MidCap Financial Investment by 10.4% in the first quarter. Arete Wealth Advisors LLC now owns 19,133 shares of the company’s stock valued at $215,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in MidCap Financial Investment by 3.7% in the first quarter. Lido Advisors LLC now owns 67,218 shares of the company’s stock valued at $756,000 after acquiring an additional 2,397 shares during the last quarter. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in privately negotiated debt and equity securities.

MFIC primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and other investments issued by companies across a range of industries.