MidCap Financial Investment (NASDAQ:MFIC) Given New $15.00 Price Target at Wells Fargo & Company

MidCap Financial Investment (NASDAQ:MFIC) had its target price raised by equities research analysts at Wells Fargo & Company from $14.00 to $15.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 7.72% from the company’s previous close.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $14.00 target price on shares of MidCap Financial Investment in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.86.

MidCap Financial Investment Stock Performance

MFIC traded up $0.03 during trading on Wednesday, hitting $13.93. The stock had a trading volume of 32,133 shares, compared to its average volume of 309,167. MidCap Financial Investment has a twelve month low of $12.26 and a twelve month high of $16.36. The firm has a market capitalization of $1.31 billion, a P/E ratio of 8.93 and a beta of 1.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. The company’s 50-day moving average price is $13.66 and its 200 day moving average price is $13.71.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. MidCap Financial Investment had a net margin of 37.05% and a return on equity of 11.37%. The firm had revenue of $82.14 million during the quarter, compared to the consensus estimate of $82.68 million. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities research analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On MidCap Financial Investment

Several hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV purchased a new position in MidCap Financial Investment in the second quarter valued at about $162,000. Sei Investments Co. boosted its stake in MidCap Financial Investment by 19.1% during the 2nd quarter. Sei Investments Co. now owns 45,806 shares of the company’s stock valued at $694,000 after acquiring an additional 7,353 shares during the last quarter. ProShare Advisors LLC bought a new stake in MidCap Financial Investment in the second quarter valued at about $159,000. Truist Financial Corp lifted its holdings in MidCap Financial Investment by 33.4% during the 2nd quarter. Truist Financial Corp now owns 28,771 shares of the company’s stock worth $436,000 after buying an additional 7,200 shares during the last quarter. Finally, Capital Market Strategies LLC acquired a new position in shares of MidCap Financial Investment in the 3rd quarter worth approximately $245,000. Institutional investors and hedge funds 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.