Wells Fargo & Company Issues Pessimistic Forecast for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

MidCap Financial Investment (NASDAQ:MFIC) had its price target reduced by research analysts at Wells Fargo & Company from $15.00 to $14.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 4.32% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Compass Point upgraded MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.86.

MidCap Financial Investment Stock Up 0.4 %

Shares of MFIC opened at $13.42 on Tuesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $875.70 million, a PE ratio of 7.67 and a beta of 1.50. The firm’s 50 day moving average is $13.54 and its 200-day moving average is $14.50. MidCap Financial Investment has a 12 month low of $12.26 and a 12 month high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last issued its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $69.16 million for the quarter, compared to the consensus estimate of $68.02 million. MidCap Financial Investment had a return on equity of 11.54% and a net margin of 40.08%. During the same quarter last year, the business posted $0.44 EPS. Equities research analysts forecast that MidCap Financial Investment will post 1.72 EPS for the current year.

Institutional Trading of MidCap Financial Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MFIC. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of MidCap Financial Investment by 4.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,962 shares of the company’s stock worth $294,000 after purchasing an additional 837 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of MidCap Financial Investment by 4.6% during the second quarter. Farther Finance Advisors LLC now owns 23,362 shares of the company’s stock worth $354,000 after acquiring an additional 1,025 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of MidCap Financial Investment by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,748 shares of the company’s stock worth $312,000 after acquiring an additional 1,048 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in MidCap Financial Investment by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,130 shares of the company’s stock valued at $2,739,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in MidCap Financial Investment by 11.8% during the 1st quarter. Virtu Financial LLC now owns 13,559 shares of the company’s stock valued at $204,000 after purchasing an additional 1,429 shares during the last quarter. 28.45% of the stock is owned by institutional investors.

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.