MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) was downgraded by Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $14.00 target price on the stock. Keefe, Bruyette & Woods' price target points to a potential upside of 7.44% from the company's previous close.
Several other research firms have also recently weighed in on MFIC. Wells Fargo & Company lowered their price target on MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Truist Financial decreased their price target on MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. reduced their target price on MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.50.
Get Our Latest Analysis on MFIC
MidCap Financial Investment Stock Performance
Shares of MidCap Financial Investment stock remained flat at $13.03 during midday trading on Wednesday. The company had a trading volume of 410,112 shares, compared to its average volume of 303,937. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.22 billion, a PE ratio of 10.51 and a beta of 0.97. The firm has a 50-day moving average price of $12.79 and a 200 day moving average price of $12.89. MidCap Financial Investment has a 52 week low of $10.18 and a 52 week high of $14.74.
MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 million. MidCap Financial Investment had a return on equity of 10.66% and a net margin of 33.21%. Equities research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.
Institutional Trading of MidCap Financial Investment
A number of large investors have recently modified their holdings of MFIC. Cambridge Investment Research Advisors Inc. raised its stake 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 buying an additional 1,578 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in MidCap Financial Investment by 23.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 232,584 shares of the company's stock valued at $2,991,000 after purchasing an additional 44,385 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of MidCap Financial Investment by 23.4% during the 4th quarter. Ameriprise Financial Inc. now owns 320,415 shares of the company's stock worth $4,322,000 after acquiring an additional 60,759 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of MidCap Financial Investment by 64.2% during the 4th quarter. Jane Street Group LLC now owns 57,520 shares of the company's stock worth $776,000 after acquiring an additional 22,487 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of MidCap Financial Investment by 270.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 111,956 shares of the company's stock worth $1,510,000 after acquiring an additional 81,695 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company's stock.
MidCap Financial Investment Company Profile
(
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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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