MidCap Financial Investment (NASDAQ:MFIC) Price Target Cut to $12.00 by Analysts at JPMorgan Chase & Co.

MidCap Financial Investment (NASDAQ:MFIC) had its price target cut by JPMorgan Chase & Co. from $12.50 to $12.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 price target on shares of MidCap Financial Investment in a research report on Monday, August 25th. Keefe, Bruyette & Woods cut MidCap Financial Investment from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, MidCap Financial Investment currently has an average rating of “Hold” and a consensus price target of $13.40.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $11.81 on Wednesday. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. The business has a 50-day moving average of $12.62 and a two-hundred day moving average of $12.51. The stock has a market capitalization of $1.10 billion, a P/E ratio of 10.94 and a beta of 1.03. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.53 and a quick ratio of 3.53.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.44% and a net margin of 30.60%.The company had revenue of $81.25 million during the quarter, compared to analysts’ expectations of $81.70 million. On average, equities research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, September 9th. MidCap Financial Investment’s dividend payout ratio is currently 140.74%.

Hedge Funds Weigh In On MidCap Financial Investment

Large investors have recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new position in MidCap Financial Investment in the 1st quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new position in MidCap Financial Investment in the 1st quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new position in MidCap Financial Investment in the 2nd quarter valued at approximately $32,000. Signaturefd LLC raised its holdings in 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 acquiring an additional 1,590 shares in the last quarter. Finally, Access Investment Management LLC acquired a new position in MidCap Financial Investment in the 2nd quarter valued at approximately $50,000. 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.