JPMorgan Chase & Co. Cuts MidCap Financial Investment (NASDAQ:MFIC) Price Target to $9.50

MidCap Financial Investment (NASDAQ:MFIC) had its target price reduced by research analysts at JPMorgan Chase & Co. from $10.00 to $9.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 6.13% from the stock’s current price.

MFIC has been the topic of a number of other reports. Weiss Ratings downgraded MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Royal Bank Of Canada decreased their price target on MidCap Financial Investment from $13.00 to $11.00 and set a “sector perform” rating for the company in a report on Thursday, March 5th. Wall Street Zen raised shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Truist Financial cut their price objective on 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. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.46.

MidCap Financial Investment Trading Up 0.4%

NASDAQ:MFIC opened at $10.12 on Thursday. The firm has a fifty day simple moving average of $10.73 and a two-hundred day simple moving average of $11.04. MidCap Financial Investment has a 12 month low of $9.48 and a 12 month high of $13.51. The stock has a market capitalization of $833.58 million, a price-to-earnings ratio of 253.06 and a beta of 0.60. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.59.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. Analysts expect that MidCap Financial Investment will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MFIC. Northwestern Mutual Wealth Management Co. grew its holdings in MidCap Financial Investment by 730,509.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after acquiring an additional 4,112,770 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of MidCap Financial Investment in the fourth quarter worth about $4,741,000. North Ground Capital increased its holdings in MidCap Financial Investment by 160.5% during the 4th quarter. North Ground Capital now owns 651,326 shares of the company’s stock valued at $7,451,000 after purchasing an additional 401,326 shares during the period. Next Capital Management LLC lifted its holdings in MidCap Financial Investment by 26.1% in the 1st quarter. Next Capital Management LLC now owns 1,871,652 shares of the company’s stock worth $21,037,000 after buying an additional 387,303 shares during the period. Finally, UBS Group AG raised its holdings in shares of MidCap Financial Investment by 19.0% during the fourth quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock valued at $23,158,000 after acquiring an additional 323,137 shares in the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

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.