MidCap Financial Investment (NASDAQ:MFIC) Downgraded by Wall Street Zen to “Sell”

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

A number of other research analysts have also recently issued reports on MFIC. Wells Fargo & Company decreased their price objective on shares of MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Royal Bank Of Canada decreased their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 5th. JPMorgan Chase & Co. lowered their price target on MidCap Financial Investment from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Friday. Finally, Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.54.

MidCap Financial Investment Trading Down 0.3%

Shares of MidCap Financial Investment stock opened at $10.33 on Friday. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53. MidCap Financial Investment has a 12-month low of $9.48 and a 12-month high of $13.51. The company has a market capitalization of $952.53 million, a price-to-earnings ratio of 15.65 and a beta of 0.78. The firm’s 50-day moving average price is $11.06 and its two-hundred day moving average price is $11.70.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Thursday, February 26th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 company had revenue of ($1.38) million during the quarter, compared to analysts’ expectations of $78.87 million. On average, analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently bought and sold shares of MFIC. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $47,057,000 after purchasing an additional 4,112,770 shares in the last quarter. Thornburg Investment Management Inc. grew its holdings in shares of MidCap Financial Investment by 6.8% during the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after purchasing an additional 200,000 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of 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 valued at $30,115,000 after buying an additional 121,523 shares during the period. UBS Group AG raised its holdings in MidCap Financial Investment by 19.0% in the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock valued at $23,158,000 after buying an additional 323,137 shares during the last quarter. Finally, Next Capital Management LLC raised its holdings in MidCap Financial Investment by 10.6% in the 4th quarter. Next Capital Management LLC now owns 1,484,349 shares of the company’s stock valued at $16,981,000 after buying an additional 142,764 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.