JPMorgan Chase & Co. Lowers MidCap Financial Investment (NASDAQ:MFIC) Price Target to $11.50

MidCap Financial Investment (NASDAQ:MFIC) had its price target cut by investment analysts at JPMorgan Chase & Co. from $13.50 to $11.50 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 4.49% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company decreased their price target on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Keefe, Bruyette & Woods cut their price target on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.00.

MidCap Financial Investment Trading Up 0.8 %

Shares of NASDAQ:MFIC opened at $12.04 on Thursday. The stock has a market cap of $1.13 billion, a PE ratio of 7.72 and a beta of 1.13. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment has a 12-month low of $10.18 and a 12-month high of $16.37. The business has a 50 day moving average of $12.63 and a 200-day moving average of $13.32.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. As a group, equities research analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MFIC. Anchor Investment Management LLC bought a new position in MidCap Financial Investment in the third quarter valued at about $35,000. Allworth Financial LP raised its holdings in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after buying an additional 1,699 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock worth $91,000 after buying an additional 4,793 shares during the period. Entropy Technologies LP bought a new stake in MidCap Financial Investment during the 4th quarter worth approximately $155,000. Finally, Kingstone Capital Partners Texas LLC acquired a new position in MidCap Financial Investment in the 4th quarter valued at approximately $156,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

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.