JPMorgan Chase & Co. Has Lowered Expectations for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

MidCap Financial Investment (NASDAQ:MFIC) had its target price lowered by analysts at JPMorgan Chase & Co. from $11.50 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 3.19% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Keefe, Bruyette & Woods reduced their price target on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Finally, Royal Bank Of Canada decreased their price objective on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.54.

MidCap Financial Investment Price Performance

Shares of MFIC opened at $10.33 on Friday. The company’s 50-day moving average is $11.06 and its 200-day moving average is $11.69. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.65 and a quick ratio of 6.65. The firm has a market capitalization of $952.53 million, a PE ratio of 15.65 and a beta of 0.78. MidCap Financial Investment has a fifty-two week low of $9.48 and a fifty-two week high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Thursday, February 26th. The company reported $0.39 EPS for the quarter, topping 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 business had revenue of ($1.38) million during the quarter, compared to the consensus estimate of $78.87 million. Equities analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew 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 raised 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 acquiring an additional 616,184 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter valued at $4,741,000. North Ground Capital lifted its position in shares of MidCap Financial Investment by 160.5% during the 4th quarter. North Ground Capital now owns 651,326 shares of the company’s stock valued at $7,451,000 after acquiring an additional 401,326 shares during the period. Finally, UBS Group AG grew 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 purchasing an additional 323,137 shares in the last quarter. 28.45% of the stock is currently owned by institutional investors.

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.