MidCap Financial Investment (NASDAQ:MFIC) Given New $13.00 Price Target at Wells Fargo & Company

MidCap Financial Investment (NASDAQ:MFIC) had its price objective reduced by Wells Fargo & Company from $14.00 to $13.00 in a research note released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price objective on MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.80.

MidCap Financial Investment Stock Down 1.6 %

NASDAQ:MFIC opened at $11.86 on Monday. MidCap Financial Investment has a 52 week low of $10.18 and a 52 week high of $16.37. 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 stock’s fifty day moving average is $12.47 and its two-hundred day moving average is $13.29. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.60 and a beta of 1.13.

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

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date was Tuesday, March 11th. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 116.03%.

Hedge Funds Weigh In On MidCap Financial Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of 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 during the period. Anchor Investment Management LLC purchased a new position in shares of MidCap Financial Investment in the third quarter valued at $35,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of MidCap Financial Investment by 247.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,728 shares of the company’s stock worth $91,000 after acquiring an additional 4,793 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of MidCap Financial Investment in the 4th quarter valued at about $155,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in MidCap Financial Investment during the 4th quarter worth approximately $156,000. 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.