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MidCap Financial Investment (NASDAQ:MFIC) Stock Rating Lowered by Keefe, Bruyette & Woods

MidCap Financial Investment logo with Finance background

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) was downgraded by equities researchers at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $14.00 price target on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 7.44% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Truist Financial dropped their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.92.

View Our Latest Research Report on MFIC

MidCap Financial Investment Stock Performance

MFIC stock traded down $0.16 on Wednesday, hitting $13.03. The company's stock had a trading volume of 356,697 shares, compared to its average volume of 447,667. MidCap Financial Investment has a 1 year low of $10.18 and a 1 year high of $14.74. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 10.51 and a beta of 0.97. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average of $12.78 and a two-hundred day moving average of $12.90.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. The business had revenue of $78.70 million during the quarter, compared to analysts' expectations of $82.49 million. Equities analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of MidCap Financial Investment during the 4th quarter worth about $937,000. Virtu Financial LLC purchased a new position in shares of MidCap Financial Investment during the 4th quarter worth about $228,000. JPMorgan Chase & Co. lifted its holdings in shares of MidCap Financial Investment by 17.4% during the 4th quarter. JPMorgan Chase & Co. now owns 166,230 shares of the company's stock worth $2,242,000 after acquiring an additional 24,590 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of MidCap Financial Investment by 247.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company's stock worth $91,000 after acquiring an additional 4,793 shares during the period. Finally, DnB Asset Management AS lifted its holdings in shares of MidCap Financial Investment by 5.4% during the 4th quarter. DnB Asset Management AS now owns 180,881 shares of the company's stock worth $2,440,000 after acquiring an additional 9,193 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

About MidCap Financial Investment

(Get Free Report)

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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