MidCap Financial Investment (NASDAQ:MFIC) Upgraded by Zacks Research to “Hold” Rating

MidCap Financial Investment (NASDAQ:MFIC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

MFIC has been the subject of several other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of MidCap Financial Investment in a report on Monday, August 25th. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. JPMorgan Chase & Co. dropped their price target on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating for the company 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. Finally, Compass Point reissued a “neutral” rating and issued a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MidCap Financial Investment has a consensus rating of “Hold” and a consensus target price of $13.04.

MidCap Financial Investment Stock Up 1.0%

Shares of NASDAQ MFIC opened at $11.92 on Thursday. MidCap Financial Investment has a 52-week low of $10.18 and a 52-week high of $14.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34. The business has a fifty day moving average of $11.95 and a two-hundred day moving average of $12.44. The stock has a market cap of $1.11 billion, a PE ratio of 11.25 and a beta of 0.73.

MidCap Financial Investment (NASDAQ:MFIC) last posted 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 net margin of 30.79% and a return on equity of 10.33%. The business had revenue of $82.58 million for the quarter, compared to analyst estimates of $83.56 million. As a group, equities research analysts expect that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in MidCap Financial Investment in the first quarter worth about $26,000. Ransom Advisory Ltd bought a new position in shares of MidCap Financial Investment in the 1st quarter valued at about $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of MidCap Financial Investment during the 2nd quarter worth approximately $32,000. Physician Wealth Advisors Inc. bought a new stake in shares of MidCap Financial Investment during the third quarter worth approximately $42,000. Finally, Signaturefd LLC raised its stake in shares of MidCap Financial Investment by 88.5% during the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after buying an additional 1,590 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

About MidCap Financial Investment

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.