Zacks Research Upgrades MidCap Financial Investment (NASDAQ:MFIC) to Hold

MidCap Financial Investment (NASDAQ:MFIC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently commented on MFIC. JPMorgan Chase & Co. cut their price objective on shares of 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. Compass Point reaffirmed a “neutral” rating and set a $12.25 target price (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. 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 research note on Monday, November 10th. Raymond James Financial set a $13.50 price target on MidCap Financial Investment and gave the company an “outperform” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.04.

MidCap Financial Investment Price Performance

Shares of NASDAQ MFIC traded up $0.12 during trading hours on Thursday, reaching $11.92. 866,514 shares of the stock traded hands, compared to its average volume of 571,903. MidCap Financial Investment has a 52-week low of $10.18 and a 52-week high of $14.74. The company has a market capitalization of $1.11 billion, a P/E ratio of 11.25 and a beta of 0.73. The company’s 50-day simple moving average is $11.95 and its two-hundred day simple moving average is $12.44. 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 (NASDAQ:MFIC) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The business had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $83.56 million. Equities research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Several large investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC purchased a new position in MidCap Financial Investment during the second quarter valued at approximately $189,382,000. Next Capital Management LLC lifted its stake in shares of MidCap Financial Investment by 84.9% during the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock worth $16,086,000 after purchasing an additional 616,184 shares during the last quarter. Cura Wealth Advisors LLC boosted its holdings in shares of MidCap Financial Investment by 354.2% in the 1st quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company’s stock valued at $8,341,000 after buying an additional 505,807 shares in the last quarter. Ethos Financial Group LLC lifted its holdings in shares of MidCap Financial Investment by 2,074.6% during the 1st quarter. Ethos Financial Group LLC now owns 415,948 shares of the company’s stock valued at $5,361,000 after purchasing an additional 396,820 shares during the last quarter. Finally, North Ground Capital acquired a new stake in MidCap Financial Investment in the third quarter worth about $2,998,000. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Company Profile

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.