MidCap Financial Investment (NASDAQ:MFIC) Rating Increased to Hold at Wall Street Zen

MidCap Financial Investment (NASDAQ:MFIC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

MFIC has been the topic of a number of other research reports. Keefe, Bruyette & Woods decreased their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Zacks Research lowered MidCap Financial Investment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a report on Wednesday, October 8th. Raymond James Financial set a $13.50 target price on MidCap Financial Investment and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price target on shares of MidCap Financial Investment in a research report on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.04.

MidCap Financial Investment Stock Up 0.2%

NASDAQ:MFIC opened at $12.26 on Friday. MidCap Financial Investment has a 1-year low of $10.18 and a 1-year high of $14.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.34 and a quick ratio of 4.34. The firm has a market cap of $1.14 billion, a PE ratio of 11.57 and a beta of 0.73. The company has a 50-day moving average of $11.94 and a 200 day moving average of $12.47.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $83.56 million. As a group, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Institutional Trading of MidCap Financial Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Preservation Advisors LLC purchased a new stake in shares of MidCap Financial Investment in the 1st quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new position in MidCap Financial Investment in the first quarter valued at approximately $28,000. Ameritas Advisory Services LLC purchased a new position in MidCap Financial Investment in the second quarter worth approximately $32,000. Signaturefd LLC increased its stake in MidCap Financial Investment by 88.5% during the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in MidCap Financial Investment during the third quarter worth $42,000. 28.45% of the stock is owned by institutional investors and hedge funds.

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.