Truist Financial Has Lowered Expectations for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

MidCap Financial Investment (NASDAQ:MFIC) had its price objective cut by equities researchers at Truist Financial from $15.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 22.87% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Keefe, Bruyette & Woods dropped their price target on shares of 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 upgraded MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Wells Fargo & Company reduced 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. Finally, Compass Point reaffirmed a “neutral” rating and set a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.25.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC traded up $0.14 on Wednesday, reaching $10.58. The company’s stock had a trading volume of 226,791 shares, compared to its average volume of 829,085. The stock has a market capitalization of $975.58 million, a P/E ratio of 16.03 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. The stock’s 50-day moving average is $11.23 and its two-hundred day moving average is $11.83. MidCap Financial Investment has a 52-week low of $9.48 and a 52-week high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of ($1.38) million during the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Trading of MidCap Financial Investment

A number of large investors have recently added to or reduced their stakes in MFIC. Alpine Global Management LLC boosted 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 valued at $3,616,000 after purchasing an additional 183,586 shares during the period. Virtu Financial LLC boosted its position in MidCap Financial Investment by 22.0% during the fourth quarter. Virtu Financial LLC now owns 26,960 shares of the company’s stock valued at $308,000 after purchasing an additional 4,856 shares during the last quarter. Invesco Ltd. grew its stake in MidCap Financial Investment by 3.5% in 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. acquired a new position in MidCap Financial Investment in the 4th quarter worth about $194,000. Finally, XTX Topco Ltd purchased a new stake in shares of MidCap Financial Investment during the 4th quarter worth about $1,548,000. 28.45% of the stock is currently owned by 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.