MidCap Financial Investment (NASDAQ:MFIC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

MidCap Financial Investment (NASDAQ:MFIC - Free Report) had its price objective hoisted by Wells Fargo & Company from $14.00 to $15.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $14.00 price target on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, MidCap Financial Investment presently has an average rating of "Moderate Buy" and a consensus target price of $14.86.

MidCap Financial Investment Stock Up 1.5 %

Shares of MFIC traded up $0.21 during trading hours on Wednesday, reaching $13.97. The company's stock had a trading volume of 226,750 shares, compared to its average volume of 314,186. The company has a 50 day moving average of $13.66 and a two-hundred day moving average of $13.70. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 8.96 and a beta of 1.48. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.36. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.14 million during the quarter, compared to analysts' expectations of $82.68 million. During the same period in the prior year, the business earned $0.43 earnings per share. As a group, research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date of this dividend was Tuesday, December 10th. MidCap Financial Investment's payout ratio is currently 97.44%.

Institutional Trading of MidCap Financial Investment

A number of large investors have recently modified their holdings of MFIC. Nomura Asset Management Co. Ltd. lifted its position in MidCap Financial Investment by 71.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,935 shares of the company's stock valued at $26,000 after purchasing an additional 809 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in MidCap Financial Investment during the 3rd quarter valued at $35,000. Allworth Financial LP grew its holdings in MidCap Financial Investment by 197.8% in the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after acquiring an additional 1,699 shares during the last quarter. Westchester Capital Management LLC bought a new position in shares of MidCap Financial Investment during the third quarter valued at about $103,000. Finally, Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth about $155,000. Institutional investors own 28.45% of the company's stock.

About MidCap Financial Investment

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.