MidCap Financial Investment (NASDAQ:MFIC) Lowered to Strong Sell Rating by Zacks Research

MidCap Financial Investment (NASDAQ:MFIC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Compass Point reiterated a “neutral” rating and issued a $12.25 target price (down previously from $14.75) on shares of MidCap Financial Investment in a report on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 target price on shares of MidCap Financial Investment in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. lowered 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 report on Monday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MidCap Financial Investment currently has a consensus rating of “Hold” and an average target price of $13.04.

MidCap Financial Investment Price Performance

MFIC opened at $11.91 on Wednesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.24 and a beta of 1.00. The stock has a fifty day moving average of $12.07 and a 200-day moving average of $12.50. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. MidCap Financial Investment has a 12-month low of $10.18 and a 12-month high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $82.58 million for the quarter, compared to the consensus estimate of $83.56 million. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%. Equities analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On MidCap Financial Investment

A number of large investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp grew its position in shares of MidCap Financial Investment by 17.2% in the first quarter. Sigma Planning Corp now owns 70,863 shares of the company’s stock valued at $911,000 after purchasing an additional 10,425 shares during the last quarter. Muzinich & Co. Inc. lifted its holdings in shares of MidCap Financial Investment by 22.9% during the first quarter. Muzinich & Co. Inc. now owns 238,427 shares of the company’s stock worth $3,066,000 after buying an additional 44,385 shares during the last quarter. Denali Advisors LLC boosted its position in shares of MidCap Financial Investment by 11.3% in the first quarter. Denali Advisors LLC now owns 90,006 shares of the company’s stock valued at $1,157,000 after acquiring an additional 9,103 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of MidCap Financial Investment by 29.2% in the first quarter. J.W. Cole Advisors Inc. now owns 105,647 shares of the company’s stock worth $1,359,000 after acquiring an additional 23,891 shares during the last quarter. Finally, Garner Asset Management Corp bought a new position in MidCap Financial Investment during the first quarter worth $1,696,000. Institutional investors own 28.45% of the company’s stock.

About MidCap Financial Investment

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.