MidCap Financial Investment (NASDAQ:MFIC) Downgraded by Wells Fargo & Company to “Equal Weight”

Wells Fargo & Company cut shares of MidCap Financial Investment (NASDAQ:MFIC) from an overweight rating to an equal weight rating in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has $11.00 price objective on the stock.

Several other equities analysts have also recently commented on MFIC. Zacks Research upgraded MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Wall Street Zen upgraded shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Compass Point reiterated a “neutral” rating and set a $12.25 price objective (down from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Keefe, Bruyette & Woods cut their target price on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. reduced their price target on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.75.

MidCap Financial Investment Trading Down 4.5%

Shares of MidCap Financial Investment stock opened at $11.06 on Wednesday. The stock has a market cap of $1.03 billion, a PE ratio of 10.43 and a beta of 0.74. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average of $11.82 and a two-hundred day moving average of $12.29. MidCap Financial Investment has a 12-month low of $10.18 and a 12-month high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The firm had revenue of $82.58 million for the quarter, compared to the consensus estimate of $83.56 million. On average, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.52 dividend on an annualized basis and a yield of 13.7%. MidCap Financial Investment’s payout ratio is presently 143.40%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of hedge funds have recently added to or reduced their stakes in the company. Ransom Advisory Ltd bought a new stake in MidCap Financial Investment during the first quarter valued at about $28,000. Ameritas Advisory Services LLC bought a new position in MidCap Financial Investment in the 2nd quarter worth approximately $32,000. Physician Wealth Advisors Inc. bought a new position in shares of MidCap Financial Investment during the third quarter valued at $42,000. Signaturefd LLC boosted its stake in shares of MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of MidCap Financial Investment in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.