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

MidCap Financial Investment (NASDAQ:MFIC) had its target price lowered by Keefe, Bruyette & Woods from $15.00 to $14.50 in a report issued on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

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

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $10.47 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment has a one year low of $10.41 and a one year high of $16.37. The company has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $13.49. The stock has a market capitalization of $981.88 million, a price-to-earnings ratio of 6.71 and a beta of 1.13.

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

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 14.52%. The ex-dividend date 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 made changes to their positions in the stock. Castlekeep Investment Advisors LLC purchased a new stake in MidCap Financial Investment during the fourth quarter worth about $16,771,000. CF Capital LLC acquired a new stake in shares of MidCap Financial Investment in the 4th quarter worth approximately $2,799,000. Stifel Financial Corp increased its stake in MidCap Financial Investment by 403.7% in the 3rd quarter. Stifel Financial Corp now owns 240,478 shares of the company’s stock valued at $3,220,000 after purchasing an additional 192,731 shares in the last quarter. Naviter Wealth LLC acquired a new position in MidCap Financial Investment during the fourth quarter worth $2,516,000. Finally, Ares Management LLC boosted its position in MidCap Financial Investment by 55.5% during the fourth quarter. Ares Management LLC now owns 482,032 shares of the company’s stock worth $6,503,000 after purchasing an additional 172,032 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

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.