MidCap Financial Investment (NASDAQ:MFIC) Price Target Cut to $11.00 by Analysts at Royal Bank Of Canada

MidCap Financial Investment (NASDAQ:MFIC) had its price target decreased by Royal Bank Of Canada from $13.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 3.48% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Truist Financial cut their target price on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Keefe, Bruyette & Woods lowered their price objective 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. Wall Street Zen upgraded shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Compass Point reissued a “neutral” rating and issued a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.96.

MidCap Financial Investment Stock Down 0.3%

NASDAQ MFIC traded down $0.03 during trading on Thursday, reaching $10.63. The company’s stock had a trading volume of 427,783 shares, compared to its average volume of 842,907. The business has a 50-day moving average price of $11.21 and a 200-day moving average price of $11.83. MidCap Financial Investment has a 1-year low of $9.48 and a 1-year high of $13.51. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $980.19 million, a PE ratio of 16.11 and a beta of 0.78.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data 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 business had revenue of ($1.38) million during the quarter, compared to the consensus estimate of $78.87 million. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. On average, research analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of MidCap Financial Investment by 730,509.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after purchasing an additional 4,112,770 shares during the last quarter. Thornburg Investment Management Inc. grew its position in shares of MidCap Financial Investment by 6.8% in the third quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock valued at $37,622,000 after purchasing an additional 200,000 shares during the last quarter. Van ECK Associates Corp lifted its holdings in MidCap Financial Investment by 5.1% during the 3rd quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after purchasing an additional 121,523 shares during the last quarter. UBS Group AG boosted its stake in MidCap Financial Investment by 19.0% in the 4th quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock valued at $23,158,000 after purchasing an additional 323,137 shares during the period. Finally, Next Capital Management LLC increased its position in MidCap Financial Investment by 10.6% during the 4th quarter. Next Capital Management LLC now owns 1,484,349 shares of the company’s stock worth $16,981,000 after buying an additional 142,764 shares during the period. 28.45% of the stock is owned by institutional investors and hedge funds.

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.