MidCap Financial Investment (NASDAQ:MFIC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

MidCap Financial Investment (NASDAQ:MFIC) had its price objective lifted by research analysts at Wells Fargo & Company from $14.00 to $15.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.37% from the company’s current price.

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

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $13.97 on Wednesday. The business’s 50 day moving average is $13.66 and its 200-day moving average is $13.70. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.31 billion, a PE ratio of 8.96 and a beta of 1.48. MidCap Financial Investment has a 1-year low of $12.26 and a 1-year high of $16.36.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.44 earnings per share (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 company had revenue of $82.14 million during the quarter, compared to analysts’ expectations of $82.68 million. During the same quarter in the prior year, the company posted $0.43 EPS. Sell-side analysts predict that MidCap Financial Investment will post 1.73 earnings per share for the current year.

Institutional Trading of MidCap Financial Investment

Several hedge funds have recently modified their holdings of MFIC. Mercer Global Advisors Inc. ADV bought a new stake in MidCap Financial Investment during the 2nd quarter worth approximately $162,000. Sei Investments Co. boosted its stake in MidCap Financial Investment by 19.1% in the second quarter. Sei Investments Co. now owns 45,806 shares of the company’s stock worth $694,000 after purchasing an additional 7,353 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of MidCap Financial Investment during the second quarter worth $159,000. Truist Financial Corp increased its stake in shares of MidCap Financial Investment by 33.4% in the second quarter. Truist Financial Corp now owns 28,771 shares of the company’s stock valued at $436,000 after buying an additional 7,200 shares in the last quarter. Finally, Capital Market Strategies LLC bought a new position in shares of MidCap Financial Investment in the third quarter valued at about $245,000. Institutional investors and hedge funds own 28.45% of the company’s stock.

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.