MidCap Financial Investment (NASDAQ:MFIC) PT Lowered to $15.00

MidCap Financial Investment (NASDAQ:MFIC) had its target price decreased by analysts at Wells Fargo & Company from $16.00 to $15.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 14.33% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. cut their price target on MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, MidCap Financial Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

MidCap Financial Investment Price Performance

Shares of MidCap Financial Investment stock traded down $0.22 during mid-day trading on Friday, reaching $13.12. 786,087 shares of the stock traded hands, compared to its average volume of 291,550. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average of $15.01 and a 200 day moving average of $14.86. The stock has a market capitalization of $856.12 million, a PE ratio of 7.50 and a beta of 1.50. MidCap Financial Investment has a fifty-two week low of $12.26 and a fifty-two week high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. MidCap Financial Investment had a return on equity of 11.51% and a net margin of 41.19%. The firm had revenue of $69.16 million during the quarter, compared to the consensus estimate of $68.02 million. During the same period in the prior year, the company earned $0.44 EPS. On average, analysts predict that MidCap Financial Investment will post 1.71 EPS for the current year.

Institutional Investors Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at approximately $81,000. Security National Bank acquired a new position in MidCap Financial Investment during the fourth quarter worth $76,000. Tucker Asset Management LLC purchased a new position in shares of MidCap Financial Investment during the fourth quarter worth $81,000. Cape Investment Advisory Inc. acquired a new stake in shares of MidCap Financial Investment in the fourth quarter valued at $92,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of MidCap Financial Investment in the 1st quarter valued at $114,000. Hedge funds and other 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.