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

MidCap Financial Investment (NASDAQ:MFIC) had its target price trimmed by Wells Fargo & Company from $15.00 to $14.00 in a report released on Thursday morning,Benzinga reports. The firm currently has 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.71.

MidCap Financial Investment Stock Down 0.3 %

MFIC stock opened at $13.71 on Thursday. 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 has a 52 week low of $12.26 and a 52 week high of $16.36. The stock has a market capitalization of $1.29 billion, a PE ratio of 8.79 and a beta of 1.48. The firm has a 50 day moving average of $13.82 and a 200 day moving average of $13.69.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $82.16 million for the quarter, compared to the consensus estimate of $86.28 million. Sell-side analysts forecast that MidCap Financial Investment will post 1.73 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.09%. The ex-dividend date of this dividend is Tuesday, March 11th. MidCap Financial Investment’s payout ratio is 116.03%.

Institutional Investors Weigh In On MidCap Financial Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. grew its position in shares of 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 period. Anchor Investment Management LLC acquired a new position in shares of MidCap Financial Investment during the third quarter valued at approximately $35,000. Allworth Financial LP lifted its position in shares of MidCap Financial Investment by 197.8% in the fourth quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock valued at $35,000 after acquiring an additional 1,699 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in shares of MidCap Financial Investment in the third quarter worth approximately $103,000. Finally, Entropy Technologies LP purchased a new stake in shares of MidCap Financial Investment during the fourth quarter worth approximately $155,000. Hedge funds and other 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.