Wells Fargo & Company Issues Pessimistic Forecast for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

MidCap Financial Investment (NASDAQ:MFIC) had its target price cut by Wells Fargo & Company from $15.00 to $14.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded MidCap Financial Investment from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a research note on Monday, August 5th. Finally, Compass Point upgraded shares of MidCap Financial Investment from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.86.

MidCap Financial Investment Trading Down 0.4 %

MidCap Financial Investment stock opened at $13.37 on Tuesday. MidCap Financial Investment has a 52 week low of $12.26 and a 52 week high of $16.36. The company has a debt-to-equity ratio of 1.51, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $1.25 billion, a PE ratio of 7.82 and a beta of 1.50. The business’s 50-day simple moving average is $13.54 and its 200-day simple moving average is $14.49.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. MidCap Financial Investment had a net margin of 40.08% and a return on equity of 11.54%. The company had revenue of $69.16 million for the quarter, compared to the consensus estimate of $68.02 million. During the same quarter in the previous year, the firm posted $0.44 EPS. Equities research analysts forecast that MidCap Financial Investment will post 1.72 earnings per share for the current year.

MidCap Financial Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 10th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This is a boost from MidCap Financial Investment’s previous quarterly dividend of $0.20. This represents a $1.52 dividend on an annualized basis and a yield of 11.37%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 88.89%.

Institutional Trading of MidCap Financial Investment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of MidCap Financial Investment during the second quarter worth $81,000. Accel Wealth Management bought a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at about $151,000. HB Wealth Management LLC acquired a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at approximately $153,000. Essex Financial Services Inc. acquired a new stake in MidCap Financial Investment in the second quarter worth $154,000. Finally, ProShare Advisors LLC bought a new position in MidCap Financial Investment during the second quarter worth about $159,000. Institutional investors 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.