MidCap Financial Investment (NASDAQ:MFIC) Given New $10.00 Price Target at JPMorgan Chase & Co.

MidCap Financial Investment (NASDAQ:MFIC) had its target price cut by JPMorgan Chase & Co. from $11.50 to $10.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on MFIC. Truist Financial decreased their price target on MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Royal Bank Of Canada reduced their target price on shares of MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research note on Thursday, March 5th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.54.

MidCap Financial Investment Stock Down 0.3%

MFIC opened at $10.33 on Friday. MidCap Financial Investment has a 52 week low of $9.48 and a 52 week high of $13.51. The business has a 50 day moving average price of $11.06 and a two-hundred day moving average price of $11.70. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53. The company has a market cap of $952.53 million, a PE ratio of 15.65 and a beta of 0.78.

MidCap Financial Investment (NASDAQ:MFIC) last announced its earnings results on Thursday, February 26th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of ($1.38) million for the quarter, compared to the consensus estimate of $78.87 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. As a group, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Tuesday, March 10th. MidCap Financial Investment’s payout ratio is currently 187.88%.

Institutional Trading of MidCap Financial Investment

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC grew its stake in 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 during the period. Advocate Investing Services LLC purchased a new position in shares of MidCap Financial Investment during the 4th quarter worth $36,000. Physician Wealth Advisors Inc. purchased a new position in shares of MidCap Financial Investment during the 3rd quarter worth $42,000. Financial Consulate Inc. acquired a new stake in shares of MidCap Financial Investment during the third quarter worth $46,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of MidCap Financial Investment during the third quarter worth $46,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Company Profile

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.