MidCap Financial Investment (NASDAQ:MFIC) Price Target Lowered to $14.00 at Wells Fargo & Company

MidCap Financial Investment (NASDAQ:MFIC) had its price objective cut by equities research analysts at Wells Fargo & Company from $15.00 to $14.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 2.30% from the company’s previous close.

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

MidCap Financial Investment Stock Down 0.5 %

Shares of NASDAQ MFIC traded down $0.07 during mid-day trading on Thursday, hitting $13.69. 182,477 shares of the stock traded hands, compared to its average volume of 344,049. The stock has a fifty day moving average price of $13.82 and a 200-day moving average price of $13.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.77 and a beta of 1.48. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. Research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of MidCap Financial Investment by 4.5% during the fourth quarter. Van ECK Associates Corp now owns 2,372,505 shares of the company’s stock valued at $32,005,000 after acquiring an additional 102,406 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of MidCap Financial Investment in the 4th quarter worth $16,771,000. Legal & General Group Plc increased its holdings in shares of MidCap Financial Investment by 30.6% in the 4th quarter. Legal & General Group Plc now owns 620,824 shares of the company’s stock worth $8,372,000 after purchasing an additional 145,402 shares in the last quarter. Ares Management LLC lifted its holdings in shares of MidCap Financial Investment by 55.5% during the fourth quarter. Ares Management LLC now owns 482,032 shares of the company’s stock valued at $6,503,000 after purchasing an additional 172,032 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of MidCap Financial Investment by 4.1% during the fourth quarter. Advisors Asset Management Inc. now owns 462,577 shares of the company’s stock valued at $6,240,000 after buying an additional 18,046 shares during the last quarter. Institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.