Keefe, Bruyette & Woods Lowers MidCap Financial Investment (NASDAQ:MFIC) Price Target to $14.50

MidCap Financial Investment (NASDAQ:MFIC) had its price objective cut by analysts at Keefe, Bruyette & Woods from $15.00 to $14.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 23.93% from the company’s current price.

Separately, Wells Fargo & Company lowered their target price on MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.50.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $11.70 on Tuesday. The business has a 50 day moving average price of $13.27 and a 200 day moving average price of $13.47. 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 cap of $1.10 billion, a price-to-earnings ratio of 7.50 and a beta of 1.13. MidCap Financial Investment has a twelve month low of $10.18 and a twelve month high of $16.37.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. Research analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of MidCap Financial Investment by 273.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock worth $1,897,000 after acquiring an additional 103,741 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of MidCap Financial Investment in the 3rd quarter worth about $692,000. Barclays PLC raised its holdings in shares of MidCap Financial Investment by 190,106.2% in the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock worth $1,656,000 after acquiring an additional 123,569 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of MidCap Financial Investment by 32.4% in the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after acquiring an additional 93,972 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of MidCap Financial Investment by 74.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company’s stock worth $1,103,000 after acquiring an additional 34,875 shares during the last quarter. 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.