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

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) had its price objective lowered by research analysts at Wells Fargo & Company from $15.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 2.41% from the stock's current price.

Separately, Royal Bank of Canada restated a "sector perform" rating and issued a $14.00 target price on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.60.

MidCap Financial Investment Price Performance

NASDAQ:MFIC traded down $0.11 on Thursday, reaching $13.67. The stock had a trading volume of 439,269 shares, compared to its average volume of 363,162. The company has a quick ratio of 8.51, a current ratio of 8.51 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.28 billion, a P/E ratio of 8.76 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 stock has a fifty day moving average price of $13.83 and a 200-day moving average price of $13.70.

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MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.40 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 business had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. Research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

Institutional investors and hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its holdings 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 acquiring an additional 809 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of MidCap Financial Investment in the 3rd quarter valued at about $35,000. Allworth Financial LP grew its position in shares of MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company's stock worth $35,000 after buying an additional 1,699 shares during the period. Westchester Capital Management LLC bought a new stake in shares of MidCap Financial Investment during the third quarter worth approximately $103,000. Finally, Entropy Technologies LP acquired a new position in MidCap Financial Investment in the fourth quarter valued at approximately $155,000. 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.