Wells Fargo & Company Downgrades MidCap Financial Investment (NASDAQ:MFIC) to Equal Weight

MidCap Financial Investment (NASDAQ:MFIC) was downgraded by research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $11.00 price target on the stock, down from their prior price target of $13.00. Wells Fargo & Company‘s price objective would suggest a potential downside of 3.76% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Compass Point reissued a “neutral” rating and issued a $12.25 target price (down previously from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. JPMorgan Chase & Co. decreased their price target on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.75.

MidCap Financial Investment Trading Up 3.3%

Shares of MFIC opened at $11.43 on Wednesday. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 10.78 and a beta of 0.74. The firm has a 50 day moving average price of $11.81 and a 200-day moving average price of $12.28. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of MidCap Financial Investment in the 2nd quarter worth about $189,382,000. Thornburg Investment Management Inc. raised its stake in 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 worth $37,622,000 after buying an additional 200,000 shares in the last quarter. Van ECK Associates Corp lifted its holdings in MidCap Financial Investment by 5.1% in the third quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after buying an additional 121,523 shares during the period. UBS Group AG boosted its position in MidCap Financial Investment by 2.0% during the 3rd quarter. UBS Group AG now owns 1,701,175 shares of the company’s stock valued at $20,397,000 after acquiring an additional 33,887 shares in the last quarter. Finally, Next Capital Management LLC grew its holdings 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 acquiring an additional 616,184 shares during the period. 28.45% of the stock is currently owned by institutional investors.

About MidCap Financial Investment

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.