MidCap Financial Investment (NASDAQ:MFIC) Price Target Lowered to $14.50 at Keefe, Bruyette & Woods

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $15.00 to $14.50 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 31.10% from the company's current price.

Separately, Wells Fargo & Company lowered their price target on MidCap Financial Investment from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.50.

MidCap Financial Investment Stock Up 0.4 %

Shares of MFIC stock traded up $0.04 on Tuesday, hitting $11.06. The company's stock had a trading volume of 645,257 shares, compared to its average volume of 411,436. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.09 and a beta of 1.13. MidCap Financial Investment has a fifty-two week low of $10.18 and a fifty-two week high of $16.37. The firm's fifty day moving average price is $13.15 and its 200-day moving average price is $13.43. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its position in MidCap Financial Investment by 71.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock worth $26,000 after acquiring an additional 809 shares during the period. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment during the third quarter valued at about $35,000. Allworth Financial LP lifted its stake in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company's stock valued at $35,000 after buying an additional 1,699 shares during the period. Entropy Technologies LP bought a new stake in shares of MidCap Financial Investment in the fourth quarter valued at about $155,000. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in MidCap Financial Investment during the fourth quarter worth about $156,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

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.