Wells Fargo & Company Has Lowered Expectations for MidCap Financial Investment (NASDAQ:MFIC) Stock Price

MidCap Financial Investment (NASDAQ:MFIC) had its price objective reduced by research analysts at Wells Fargo & Company from $11.00 to $9.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 9.00% from the company’s current price.

Other analysts have also recently issued reports about the stock. Zacks Research raised shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Compass Point reaffirmed a “neutral” rating and set a $12.25 price objective (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Wall Street Zen upgraded MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Keefe, Bruyette & Woods dropped their target price on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.54.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFIC opened at $10.44 on Monday. The business has a fifty day moving average of $11.23 and a 200-day moving average of $11.83. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.65 and a current ratio of 6.65. MidCap Financial Investment has a twelve month low of $9.48 and a twelve month high of $13.60. The firm has a market cap of $962.67 million, a PE ratio of 15.82 and a beta of 0.78.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of ($1.38) million for the quarter, compared to analyst estimates of $78.87 million. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. On average, equities research analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On MidCap Financial Investment

Several large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of MidCap Financial Investment by 730,509.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,113,333 shares of the company’s stock worth $47,057,000 after purchasing an additional 4,112,770 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in MidCap Financial Investment by 6.8% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,137,783 shares of the company’s stock worth $37,622,000 after buying an additional 200,000 shares during the period. Van ECK Associates Corp lifted its holdings in MidCap Financial Investment by 5.1% during the third quarter. Van ECK Associates Corp now owns 2,511,678 shares of the company’s stock worth $30,115,000 after acquiring an additional 121,523 shares in the last quarter. UBS Group AG grew its stake in MidCap Financial Investment by 19.0% in the fourth quarter. UBS Group AG now owns 2,024,312 shares of the company’s stock valued at $23,158,000 after acquiring an additional 323,137 shares during the period. Finally, Next Capital Management LLC increased its holdings in shares of MidCap Financial Investment by 10.6% in the fourth quarter. Next Capital Management LLC now owns 1,484,349 shares of the company’s stock worth $16,981,000 after acquiring an additional 142,764 shares in the last quarter. Institutional investors own 28.45% of the company’s stock.

About MidCap Financial Investment

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.