MidCap Financial Investment (NASDAQ:MFIC) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of MidCap Financial Investment (NASDAQ:MFIC) from a hold rating to a sell rating in a report issued on Saturday.

MFIC has been the topic of a number of other reports. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Keefe, Bruyette & Woods reduced their target price on shares of MidCap Financial Investment from $13.00 to $11.50 and set a “market perform” rating for the company in a report on Tuesday, March 10th. Truist Financial decreased their price target on shares of MidCap Financial Investment from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada cut their price objective on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently 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 one year low of $9.48 and a one year high of $13.51. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.65 and a current ratio of 6.65. The stock’s fifty day moving average is $11.06 and its 200-day moving average is $11.69. The company has a market capitalization of $952.53 million, a PE ratio of 15.65 and a beta of 0.78.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data 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. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%.The business had revenue of ($1.38) million during the quarter, compared to analyst estimates of $78.87 million. On average, equities analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MFIC. Sound Income Strategies LLC boosted its holdings in MidCap Financial Investment by 167.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,989 shares of the company’s stock worth $35,000 after purchasing an additional 1,871 shares in the last quarter. Advocate Investing Services LLC acquired a new position in MidCap Financial Investment during the fourth quarter worth $36,000. Physician Wealth Advisors Inc. bought a new position in MidCap Financial Investment during the third quarter valued at about $42,000. Financial Consulate Inc. acquired a new stake in shares of MidCap Financial Investment in the third quarter worth about $46,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of MidCap Financial Investment in the third quarter worth about $46,000. Institutional investors and hedge funds 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.