MidCap Financial Investment (NASDAQ:MFIC) Price Target Lowered to $12.00 at JPMorgan Chase & Co.

MidCap Financial Investment (NASDAQ:MFIC) had its price target cut by JPMorgan Chase & Co. from $12.50 to $12.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently commented on the company. Keefe, Bruyette & Woods downgraded MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price objective on the stock. in a research note on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 target price on shares of MidCap Financial Investment in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.40.

MidCap Financial Investment Trading Down 1.4%

MidCap Financial Investment stock opened at $11.82 on Wednesday. MidCap Financial Investment has a 12-month low of $10.18 and a 12-month high of $14.74. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.53 and a quick ratio of 3.53. The stock has a market capitalization of $1.10 billion, a PE ratio of 10.94 and a beta of 1.03. The firm has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $12.53.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $81.25 million for the quarter, compared to analyst estimates of $81.70 million. MidCap Financial Investment had a net margin of 30.60% and a return on equity of 10.44%. As a group, equities research analysts expect that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date was Tuesday, September 9th. MidCap Financial Investment’s payout ratio is presently 140.74%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors have recently bought and sold shares of the stock. Wealth Preservation Advisors LLC purchased a new stake in MidCap Financial Investment during the first quarter valued at about $26,000. Ransom Advisory Ltd acquired a new stake in shares of MidCap Financial Investment during the first quarter valued at approximately $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at approximately $32,000. Signaturefd LLC boosted its stake in MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after purchasing an additional 1,590 shares during the period. Finally, Access Investment Management LLC purchased a new position in MidCap Financial Investment during the 2nd quarter worth approximately $50,000. Hedge funds and other 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.