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

MidCap Financial Investment (NASDAQ:MFIC) had its price target dropped by investment analysts at Wells Fargo & Company from $14.00 to $13.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 6.85% from the stock’s previous close.

MFIC has been the topic of several other research reports. Keefe, Bruyette & Woods decreased their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.80.

MidCap Financial Investment Stock Up 1.1 %

MidCap Financial Investment stock traded up $0.13 during mid-day trading on Monday, hitting $12.17. 47,219 shares of the company’s stock were exchanged, compared to its average volume of 417,652. MidCap Financial Investment has a 1-year low of $10.18 and a 1-year high of $16.37. The stock has a 50 day moving average of $12.63 and a two-hundred day moving average of $13.31. The stock has a market cap of $1.14 billion, a P/E ratio of 7.81 and a beta of 1.13. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25.

MidCap Financial Investment (NASDAQ:MFIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.40 earnings per share for the quarter, hitting 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 during the quarter, compared to analyst estimates of $86.28 million. As a group, analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On MidCap Financial Investment

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in MidCap Financial Investment by 273.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after purchasing an additional 103,741 shares during the last quarter. Barclays PLC boosted its stake in shares of MidCap Financial Investment by 190,106.2% during 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 period. Franklin Resources Inc. increased its holdings in shares of MidCap Financial Investment by 32.4% during 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. J.W. Cole Advisors Inc. raised its stake in 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 valued at $1,103,000 after acquiring an additional 34,875 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in MidCap Financial Investment by 11.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock valued at $4,811,000 after purchasing an additional 35,341 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.