Keefe, Bruyette & Woods Issues Pessimistic Forecast for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

Key Points

• Keefe, Bruyette & Woods cut its price target on MidCap Financial Investment to $11.50 (from $13.00) and kept a "market perform" rating, part of several recent target reductions that leave the stock with a consensus "Hold" rating and a $11.75 consensus target.
• The shares opened at $10.31—below analyst targets—with a market cap of about $951.7M, a P/E of 15.6, and a 12‑month trading range of $9.48 to $13.51, suggesting limited near-term upside from current levels.
• In the latest quarter MFIC reported an EPS beat of $0.39 versus $0.37 expected, but showed a striking revenue figure of ($1.38)M versus analyst estimates of $78.87M; analysts forecast about $1.73 EPS for the current year.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) had its price target lowered by research analysts at Keefe, Bruyette & Woods from $13.00 to $11.50 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 11.54% from the stock's previous close.

Several other research analysts also recently issued reports on the company. Truist Financial lowered their price objective on MidCap Financial Investment from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. 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. JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $12.00 to $11.50 and set a "neutral" rating for the company in a report on Monday, November 10th. Wall Street Zen raised MidCap Financial Investment from a "sell" rating to a "hold" rating in a report on Saturday, December 6th. Finally, Wells Fargo & Company dropped their target price on shares of MidCap Financial Investment from $11.00 to $9.50 and set an "equal weight" rating on the stock in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, MidCap Financial Investment has a consensus rating of "Hold" and a consensus price target of $11.75.

MidCap Financial Investment Stock Performance

NASDAQ MFIC opened at $10.31 on Tuesday. The company has a market capitalization of $950.69 million, a P/E ratio of 15.62 and a beta of 0.78. MidCap Financial Investment has a 12-month low of $9.48 and a 12-month high of $13.51. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53. The firm has a 50-day moving average price of $11.15 and a two-hundred day moving average price of $11.76.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%.The company had revenue of ($1.38) million for the quarter, compared to analyst estimates of $78.87 million. Analysts anticipate that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On MidCap Financial Investment

A number of large investors have recently modified their holdings of the company. Alpine Global Management LLC lifted its stake in shares of MidCap Financial Investment by 138.6% in the fourth quarter. Alpine Global Management LLC now owns 316,086 shares of the company's stock valued at $3,616,000 after buying an additional 183,586 shares in the last quarter. Virtu Financial LLC boosted its position in shares of MidCap Financial Investment by 22.0% during the fourth quarter. Virtu Financial LLC now owns 26,960 shares of the company's stock valued at $308,000 after buying an additional 4,856 shares during the last quarter. Invesco Ltd. grew its stake in shares of MidCap Financial Investment by 3.5% in the 4th quarter. Invesco Ltd. now owns 911,041 shares of the company's stock worth $10,422,000 after acquiring an additional 30,604 shares in the last quarter. Papamarkou Wellner Asset Management inc. bought a new position in shares of MidCap Financial Investment during the fourth quarter valued at about $194,000. Finally, XTX Topco Ltd purchased a new position in MidCap Financial Investment during the fourth quarter worth about $1,548,000. 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.

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