MidCap Financial Investment (NASDAQ:MFIC) Price Target Cut to $11.00 by Analysts at Royal Bank Of Canada

MidCap Financial Investment (NASDAQ:MFIC) had its target price decreased by Royal Bank Of Canada from $13.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.48% from the company’s current price.

A number of other equities research analysts also recently commented on MFIC. Wells Fargo & Company dropped their price objective 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. Compass Point reissued a “neutral” rating and issued a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Keefe, Bruyette & Woods cut their price objective on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Zacks Research raised shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.96.

MidCap Financial Investment Trading Down 0.3%

MidCap Financial Investment stock traded down $0.03 during trading on Thursday, hitting $10.63. The company had a trading volume of 427,783 shares, compared to its average volume of 842,907. The stock has a market cap of $980.19 million, a price-to-earnings ratio of 16.11 and a beta of 0.78. MidCap Financial Investment has a 1-year low of $9.48 and a 1-year high of $13.51. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 1.53. The company’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $11.83.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of ($1.38) million for the quarter, compared to the consensus estimate of $78.87 million. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. As a group, analysts expect that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MFIC. Thornburg Investment Management Inc. boosted its position in shares of MidCap Financial Investment by 6.8% during the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after buying an additional 200,000 shares during the period. Muzinich & Co. Inc. boosted its position in MidCap Financial Investment by 42.4% during the 3rd quarter. Muzinich & Co. Inc. now owns 571,520 shares of the company’s stock worth $6,853,000 after acquiring an additional 170,127 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of MidCap Financial Investment by 50.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 503,351 shares of the company’s stock worth $6,035,000 after purchasing an additional 168,357 shares in the last quarter. Next Capital Management LLC raised its stake in shares of MidCap Financial Investment by 84.9% during the third quarter. Next Capital Management LLC now owns 1,341,585 shares of the company’s stock valued at $16,086,000 after purchasing an additional 616,184 shares in the last quarter. Finally, CW Advisors LLC boosted its stake in MidCap Financial Investment by 158.2% during the 2nd quarter. CW Advisors LLC now owns 76,278 shares of the company’s stock valued at $963,000 after purchasing an additional 46,739 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

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.