Wall Street Zen Downgrades MidCap Financial Investment (NASDAQ:MFIC) to Sell

MidCap Financial Investment (NASDAQ:MFIC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

MFIC has been the subject of several other research reports. Truist Financial dropped their target price on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Keefe, Bruyette & Woods decreased their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Thursday, January 22nd. Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. cut their price objective on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Friday. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.54.

MidCap Financial Investment Trading Down 0.3%

Shares of MFIC stock opened at $10.33 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.65 and a quick ratio of 6.65. The firm has a market cap of $952.53 million, a PE ratio of 15.65 and a beta of 0.78. The company has a 50-day moving average of $11.06 and a two-hundred day moving average of $11.68. MidCap Financial Investment has a 1-year low of $9.48 and a 1-year high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. The business had revenue of ($1.38) million during the quarter, compared to analysts’ expectations of $78.87 million. On average, analysts predict that MidCap Financial Investment will post 1.73 EPS for the current year.

Hedge Funds Weigh In On MidCap Financial Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFIC. Thornburg Investment Management Inc. raised its stake in shares of MidCap Financial Investment by 6.8% in the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock valued at $37,622,000 after acquiring an additional 200,000 shares in the last quarter. Muzinich & Co. Inc. boosted its holdings in MidCap Financial Investment by 42.4% in the third quarter. Muzinich & Co. Inc. now owns 571,520 shares of the company’s stock valued at $6,853,000 after purchasing an additional 170,127 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in MidCap Financial Investment by 50.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 503,351 shares of the company’s stock worth $6,035,000 after purchasing an additional 168,357 shares in the last quarter. Next Capital Management LLC increased its holdings in 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 period. Finally, North Ground Capital purchased a new stake in MidCap Financial Investment during the 3rd quarter worth about $2,998,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

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.