MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $10.00 to $9.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 6.13% from the company’s previous close.
Several other research firms also recently issued reports on MFIC. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Royal Bank Of Canada cut their target price on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings lowered shares of MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Truist Financial decreased their price target on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.46.
View Our Latest Stock Report on MFIC
MidCap Financial Investment Price Performance
MidCap Financial Investment (NASDAQ:MFIC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. Research analysts anticipate that MidCap Financial Investment will post 1.38 EPS for the current fiscal year.
Institutional Trading of MidCap Financial Investment
A number of institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of MidCap Financial Investment by 167.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after acquiring an additional 1,871 shares in the last quarter. Advocate Investing Services LLC bought a new stake in shares of MidCap Financial Investment during the 4th quarter valued at about $36,000. BNP Paribas Financial Markets bought a new stake in shares of MidCap Financial Investment during the 3rd quarter valued at about $55,000. Kestra Advisory Services LLC acquired a new stake in MidCap Financial Investment during the fourth quarter worth approximately $109,000. Finally, LB Partners LLC acquired a new stake in MidCap Financial Investment during the first quarter worth approximately $112,000. 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.
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