Brokerages Set MidCap Financial Investment Corporation (NASDAQ:MFIC) Price Target at $12.75

Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.75.

Several equities analysts have recently commented on MFIC shares. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Compass Point reiterated a “neutral” rating and set a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $11.00 price target (down previously from $13.00) on shares of MidCap Financial Investment in a research note on Wednesday, January 7th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at $32,000. Sound Income Strategies LLC raised its holdings in MidCap Financial Investment by 167.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock valued at $35,000 after buying an additional 1,871 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in MidCap Financial Investment during the third quarter valued at about $42,000. Financial Consulate Inc. acquired a new stake in shares of MidCap Financial Investment in the third quarter worth about $46,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of MidCap Financial Investment during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of MFIC opened at $11.31 on Thursday. The business’s 50-day moving average is $11.55 and its 200-day moving average is $12.06. 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 company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.67 and a beta of 0.77. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $14.74.

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

MidCap Financial Investment Company Profile

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.