MidCap Financial Investment (NASDAQ:MFIC) Given New $10.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase cut its price target on MidCap Financial Investment from $11.50 to $10.00 and kept a neutral rating, implying roughly a 3.15% downside versus the recent share price.
• Analyst consensus remains a Hold (two Buy, seven Hold) after several firms trimmed targets, with a consensus price target of $11.54.
• Shares traded at $10.33 on Friday (one‑year range $9.48–$13.51); the company beat quarterly EPS estimates with $0.39 vs. $0.37, has a market cap of about $952 million and a P/E of 15.64.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) had its price objective dropped by analysts at JPMorgan Chase & Co. from $11.50 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 3.15% from the company's current price.

Several other brokerages also recently issued reports on MFIC. Truist Financial reduced their price target on shares of MidCap Financial Investment from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. Wall Street Zen raised shares of MidCap Financial Investment from a "sell" rating to a "hold" rating in a research note on Saturday, December 6th. Keefe, Bruyette & Woods decreased their target price on shares of MidCap Financial Investment from $13.00 to $11.50 and set a "market perform" rating for the company in a research report on Tuesday. Wells Fargo & Company cut their price target on 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.54.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC traded down $0.04 during trading on Friday, hitting $10.33. 481,992 shares of the company traded hands, compared to its average volume of 922,169. 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 business's fifty day moving average is $11.08 and its 200-day moving average is $11.72. The stock has a market capitalization of $952.07 million, a price-to-earnings ratio of 15.64 and a beta of 0.78. MidCap Financial Investment has a one year low of $9.48 and a one year high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly 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. The business had revenue of ($1.38) million for the quarter, compared to the consensus estimate of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. As a group, equities analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MidCap Financial Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Naviter Wealth LLC boosted its stake in MidCap Financial Investment by 0.4% during the 3rd quarter. Naviter Wealth LLC now owns 204,109 shares of the company's stock valued at $2,447,000 after purchasing an additional 850 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of MidCap Financial Investment by 4.3% in the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company's stock valued at $308,000 after buying an additional 1,000 shares during the period. AlphaCore Capital LLC boosted its stake in MidCap Financial Investment by 8.6% during the fourth quarter. AlphaCore Capital LLC now owns 12,914 shares of the company's stock valued at $148,000 after buying an additional 1,025 shares in the last quarter. ProShare Advisors LLC grew its holdings in MidCap Financial Investment by 5.8% during the third quarter. ProShare Advisors LLC now owns 19,622 shares of the company's stock worth $235,000 after acquiring an additional 1,076 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in MidCap Financial Investment by 1.5% during the second quarter. Rockefeller Capital Management L.P. now owns 77,277 shares of the company's stock worth $975,000 after acquiring an additional 1,111 shares during the period. Institutional investors own 28.45% of the company's stock.

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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