MidCap Financial Investment (NASDAQ:MFIC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded MidCap Financial Investment (NASDAQ:MFIC) from "sell" to "hold," and the stock carries a consensus rating of Hold with a $11.54 target after several firms (RBC, Keefe, Wells Fargo, Truist) trimmed price targets.
• Shares opened at $11.32 with a $1.04 billion market cap and a PE of 17.15; the company beat quarterly EPS estimates ($0.39 vs. $0.37) and analysts forecast ~1.36 EPS for the year, while institutional investors own about 28.45% of the stock.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. Royal Bank Of Canada decreased their price target on shares of MidCap Financial Investment from $13.00 to $11.00 and set a "sector perform" rating for the company in a research note on Thursday, March 5th. Keefe, Bruyette & Woods reduced 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 note on Tuesday, March 10th. Wells Fargo & Company dropped their price target on shares of MidCap Financial Investment from $11.00 to $9.50 and set an "equal weight" rating on the stock in a research report on Monday, March 2nd. Finally, Truist Financial cut their price target on shares of MidCap Financial Investment from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.54.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $11.32 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 17.15 and a beta of 0.66. The firm has a fifty day simple moving average of $11.02 and a two-hundred day simple moving average of $11.46. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 1.53. MidCap Financial Investment has a 12 month low of $9.48 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The business had revenue of ($1.38) million during the quarter, compared to analyst estimates of $78.87 million. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. Analysts forecast that MidCap Financial Investment will post 1.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFIC. Sound Income Strategies LLC boosted its holdings in MidCap Financial Investment by 167.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company's stock worth $35,000 after purchasing an additional 1,871 shares during the last quarter. Advocate Investing Services LLC bought a new position in MidCap Financial Investment during the fourth quarter valued at about $36,000. Physician Wealth Advisors Inc. bought a new position in MidCap Financial Investment during the third quarter valued at about $42,000. State of Alaska Department of Revenue bought a new position in MidCap Financial Investment during the third quarter valued at about $46,000. Finally, Financial Consulate Inc. bought a new position in MidCap Financial Investment during the third quarter valued at about $46,000. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

About MidCap Financial Investment

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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