MidCap Financial Investment (NASDAQ:MFIC) Price Target Lowered to $13.00 at Wells Fargo & Company

MidCap Financial Investment (NASDAQ:MFIC) had its price objective decreased by Wells Fargo & Company from $14.00 to $13.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 7.88% from the company’s current price.

MFIC has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.80.

MidCap Financial Investment Stock Down 0.6 %

Shares of MFIC opened at $12.05 on Monday. 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 50-day simple moving average of $12.52 and a 200-day simple moving average of $13.30. MidCap Financial Investment has a 52 week low of $10.18 and a 52 week high of $16.37. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.72 and a beta of 1.13.

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

Institutional Trading of MidCap Financial Investment

Hedge funds have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new position in MidCap Financial Investment during the 4th quarter worth $16,771,000. CF Capital LLC acquired a new stake in MidCap Financial Investment in the fourth quarter worth about $2,799,000. Naviter Wealth LLC bought a new stake in MidCap Financial Investment during the 4th quarter worth about $2,516,000. Ares Management LLC lifted its position in MidCap Financial Investment by 55.5% during the 4th 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 during the period. Finally, Callodine Capital Management LP grew its position in shares of MidCap Financial Investment by 164.4% during the 4th quarter. Callodine Capital Management LP now owns 246,217 shares of the company’s stock worth $3,321,000 after buying an additional 153,105 shares during the period. 28.45% of the stock is owned by institutional investors.

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.