Compass Point Reiterates “Neutral” Rating for MidCap Financial Investment (NASDAQ:MFIC)

MidCap Financial Investment (NASDAQ:MFIC)‘s stock had its “neutral” rating reiterated by research analysts at Compass Point in a research report issued on Monday, Marketbeat.com reports. They presently have a $12.25 price objective on the stock, down from their prior price objective of $14.75. Compass Point’s price target indicates a potential upside of 1.74% from the company’s current price.

Several other research analysts have also commented on MFIC. JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price objective on shares of MidCap Financial Investment in a research note on Monday, August 25th. Keefe, Bruyette & Woods lowered MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Finally, Raymond James Financial set a $13.50 price objective on shares of MidCap Financial Investment and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.04.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $12.04 on Monday. The company has a current ratio of 4.34, a quick 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. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.36 and a beta of 1.00. The firm’s 50-day moving average is $12.12 and its 200 day moving average is $12.51.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.38 EPS for the quarter, hitting 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 company had revenue of $82.58 million for the quarter, compared to the consensus estimate of $83.56 million. Research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Trading of MidCap Financial Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new position in MidCap Financial Investment during the first quarter worth about $26,000. Ransom Advisory Ltd acquired a new position in shares of MidCap Financial Investment during the first quarter worth about $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. Physician Wealth Advisors Inc. purchased a new position in shares of MidCap Financial Investment in the 3rd quarter valued at about $42,000. Finally, Signaturefd LLC increased its stake in MidCap Financial Investment by 88.5% in the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors and hedge funds 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.