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

MidCap Financial Investment (NASDAQ:MFIC) had its price objective cut by Keefe, Bruyette & Woods from $15.00 to $14.50 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

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

MidCap Financial Investment Trading Down 5.8 %

MFIC stock opened at $11.02 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of 7.06 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. MidCap Financial Investment has a 12 month low of $10.18 and a 12 month high of $16.37. The firm’s 50-day moving average is $13.21 and its 200 day moving average is $13.45.

MidCap Financial Investment (NASDAQ:MFIC) last issued 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. The business had revenue of $82.16 million during the quarter, compared to analysts’ expectations of $86.28 million. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. On average, research analysts anticipate that MidCap Financial Investment will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 13.79%. The ex-dividend date of this dividend was Tuesday, March 11th. MidCap Financial Investment’s payout ratio is 116.03%.

Hedge Funds Weigh In On MidCap Financial Investment

A number of institutional investors and hedge funds have recently bought and sold shares of MFIC. Nomura Asset Management Co. Ltd. grew its position in 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 worth $26,000 after acquiring 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 worth about $35,000. Allworth Financial LP grew its holdings in MidCap Financial Investment by 197.8% during the 4th quarter. Allworth Financial LP now owns 2,558 shares of the company’s stock worth $35,000 after acquiring an additional 1,699 shares in the last quarter. Entropy Technologies LP purchased a new position in MidCap Financial Investment in the fourth quarter valued at $155,000. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of MidCap Financial Investment in the 4th quarter valued at about $156,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

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.