Keefe, Bruyette & Woods Has Lowered Expectations for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

MidCap Financial Investment (NASDAQ:MFIC) had its price target dropped by analysts at Keefe, Bruyette & Woods from $13.00 to $11.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 11.54% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Truist Financial decreased 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. Wells Fargo & Company reduced their target price on MidCap Financial Investment from $11.00 to $9.50 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada lowered their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.75.

MidCap Financial Investment Stock Performance

NASDAQ:MFIC opened at $10.31 on Tuesday. MidCap Financial Investment has a 1 year low of $9.48 and a 1 year high of $13.51. The business has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $11.76. The company has a market capitalization of $950.69 million, a P/E ratio of 15.62 and a beta of 0.78. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.65 and a quick ratio of 6.65.

MidCap Financial Investment (NASDAQ:MFIC) 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. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. The company had revenue of ($1.38) million for the quarter, compared to analysts’ expectations of $78.87 million. On average, analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Several institutional investors and hedge funds have recently bought and sold shares of MFIC. Alpine Global Management LLC lifted its position in shares of MidCap Financial Investment by 138.6% in the 4th quarter. Alpine Global Management LLC now owns 316,086 shares of the company’s stock worth $3,616,000 after purchasing an additional 183,586 shares during the period. Virtu Financial LLC lifted its position in MidCap Financial Investment by 22.0% during the 4th quarter. Virtu Financial LLC now owns 26,960 shares of the company’s stock valued at $308,000 after acquiring an additional 4,856 shares during the period. Invesco Ltd. increased its stake in shares of MidCap Financial Investment by 3.5% during the fourth quarter. Invesco Ltd. now owns 911,041 shares of the company’s stock valued at $10,422,000 after purchasing an additional 30,604 shares in the last quarter. Papamarkou Wellner Asset Management inc. bought a new position in MidCap Financial Investment during the 4th quarter valued at approximately $194,000. Finally, XTX Topco Ltd purchased a new stake in shares of MidCap Financial Investment in the fourth quarter worth $1,548,000. Hedge funds and other institutional investors 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.