MidCap Financial Investment (NASDAQ:MFIC) Price Target Lowered to $11.50 at Keefe, Bruyette & Woods

MidCap Financial Investment (NASDAQ:MFIC) had its target price cut by Keefe, Bruyette & Woods from $13.00 to $11.50 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also recently weighed in on MFIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Compass Point reissued a “neutral” rating and issued a $12.25 price objective (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. JPMorgan Chase & Co. cut their price objective on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada decreased their target price on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.75.

MidCap Financial Investment Stock Down 1.1%

MFIC stock opened at $10.20 on Tuesday. The firm has a market cap of $940.54 million, a PE ratio of 15.45 and a beta of 0.78. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.65 and a current ratio of 6.65. The firm’s fifty day moving average is $11.13 and its 200 day moving average is $11.74. MidCap Financial Investment has a one year low of $9.48 and a one year high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, topping 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 the consensus estimate of $78.87 million. On average, research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.24 dividend on an annualized basis and a yield of 12.2%. MidCap Financial Investment’s dividend payout ratio is presently 230.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MFIC. Northwestern Mutual Wealth Management Co. lifted its position in MidCap Financial Investment by 730,509.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after buying an additional 4,112,770 shares in the last quarter. Next Capital Management LLC grew its holdings in MidCap Financial Investment by 84.9% in the 3rd quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock valued at $16,086,000 after buying an additional 616,184 shares in the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of MidCap Financial Investment in the 4th quarter worth $4,741,000. North Ground Capital increased its stake in shares of MidCap Financial Investment by 160.5% in the 4th quarter. North Ground Capital now owns 651,326 shares of the company’s stock worth $7,451,000 after acquiring an additional 401,326 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of MidCap Financial Investment by 19.0% during the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock worth $23,158,000 after acquiring an additional 323,137 shares during the period. 28.45% of the stock is currently owned by institutional investors and hedge funds.

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.