MidCap Financial Investment (NASDAQ:MFIC) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• MidCap Financial Investment (NASDAQ:MFIC) has been given a "hold (c)" rating from Weiss Ratings, indicating that analysts are currently recommending a cautious approach to the stock.
• Several analysts have recently adjusted their price targets, with JPMorgan lowering it to $12.00 and Keefe, Bruyette & Woods downgrading to a "market perform" rating.
• The company's recent quarterly earnings showed $0.39 earnings per share, surpassing expectations by $0.02, but revenue of $81.25 million fell short of the forecast.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on MidCap Financial Investment from $12.50 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods downgraded MidCap Financial Investment from an "outperform" rating to a "market perform" rating and set a $14.00 price objective for the company. in a report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $13.00 target price on shares of MidCap Financial Investment in a report on Monday, August 25th. Finally, Raymond James Financial set a $13.50 price objective on MidCap Financial Investment and gave the stock an "outperform" rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.42.

MidCap Financial Investment Stock Performance

MFIC opened at $11.72 on Wednesday. MidCap Financial Investment has a 1 year low of $10.18 and a 1 year high of $14.74. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.49. The stock has a market cap of $1.09 billion, a PE ratio of 10.85 and a beta of 1.03. The stock's 50 day simple moving average is $12.56 and its 200-day simple moving average is $12.49.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%.The firm had revenue of $81.25 million during the quarter, compared to analysts' expectations of $81.70 million. Sell-side analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors have recently modified their holdings of MFIC. Cambridge Investment Research Advisors Inc. raised its holdings in MidCap Financial Investment by 8.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company's stock worth $266,000 after purchasing an additional 1,578 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MidCap Financial Investment by 23.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 232,584 shares of the company's stock valued at $2,991,000 after buying an additional 44,385 shares during the last quarter. Cura Wealth Advisors LLC lifted its position in shares of MidCap Financial Investment by 354.2% during the 1st quarter. Cura Wealth Advisors LLC now owns 648,600 shares of the company's stock valued at $8,341,000 after buying an additional 505,807 shares in the last quarter. LPL Financial LLC lifted its stake in MidCap Financial Investment by 32.7% in the 1st quarter. LPL Financial LLC now owns 562,137 shares of the company's stock valued at $7,229,000 after buying an additional 138,454 shares in the last quarter. Finally, Callodine Capital Management LP increased its holdings in shares of MidCap Financial Investment by 66.5% during the 1st quarter. Callodine Capital Management LP now owns 409,850 shares of the company's stock worth $5,271,000 after buying an additional 163,633 shares during the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

About MidCap Financial Investment

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.

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