Analysts Set MidCap Financial Investment Co. (NASDAQ:MFIC) PT at $14.86

Shares of MidCap Financial Investment Co. (NASDAQ:MFIC) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.86.

Several analysts recently issued reports on MFIC shares. Wells Fargo & Company lifted their price target on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $14.00 price objective on shares of MidCap Financial Investment in a report on Tuesday, November 19th.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock opened at $14.63 on Wednesday. The business has a 50-day simple moving average of $13.69 and a 200 day simple moving average of $13.63. MidCap Financial Investment has a one year low of $12.26 and a one year high of $16.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 9.38 and a beta of 1.48.

Hedge Funds Weigh In On MidCap Financial Investment

Several large investors have recently bought and sold shares of MFIC. Truist Financial Corp raised its holdings 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 purchasing an additional 7,200 shares during the last quarter. Creative Planning increased its stake in MidCap Financial Investment by 18.3% in the 3rd quarter. Creative Planning now owns 12,603 shares of the company’s stock valued at $169,000 after buying an additional 1,950 shares during the last quarter. Nottingham Advisors Inc. bought a new position in shares of MidCap Financial Investment during the 3rd quarter worth approximately $191,000. Redmont Wealth Advisors LLC purchased a new position in shares of MidCap Financial Investment in the 3rd quarter worth approximately $175,000. Finally, Capital Investment Advisors LLC bought a new position in shares of MidCap Financial Investment in the third quarter valued at approximately $1,148,000. 28.45% of the stock is currently owned by institutional investors.

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.