Rockefeller Capital Management L.P. Cuts Stake in MidCap Financial Investment Corporation $MFIC

Rockefeller Capital Management L.P. trimmed its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 93.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,480 shares of the company’s stock after selling 74,240 shares during the period. Rockefeller Capital Management L.P.’s holdings in MidCap Financial Investment were worth $63,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MFIC. NewEdge Advisors LLC lifted its position in shares of MidCap Financial Investment by 4.3% in the second quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock worth $308,000 after buying an additional 1,000 shares in the last quarter. AlphaCore Capital LLC lifted its position in MidCap Financial Investment by 8.6% during the fourth quarter. AlphaCore Capital LLC now owns 12,914 shares of the company’s stock valued at $148,000 after purchasing an additional 1,025 shares during the last quarter. Camelot Portfolios LLC increased its holdings in shares of MidCap Financial Investment by 2.2% in the 3rd quarter. Camelot Portfolios LLC now owns 63,262 shares of the company’s stock worth $759,000 after buying an additional 1,378 shares during the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of MidCap Financial Investment by 4.7% in the 4th quarter. Meridian Investment Counsel Inc. now owns 37,713 shares of the company’s stock valued at $431,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its position in MidCap Financial Investment by 10.9% in the fourth quarter. Arete Wealth Advisors LLC now owns 17,333 shares of the company’s stock worth $198,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MFIC shares. JPMorgan Chase & Co. reduced their price objective on MidCap Financial Investment from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings cut MidCap Financial Investment from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, MidCap Financial Investment currently has an average rating of “Hold” and an average price target of $11.46.

MidCap Financial Investment Trading Up 2.4%

NASDAQ:MFIC traded up $0.23 during mid-day trading on Friday, hitting $9.87. 430,880 shares of the stock traded hands, compared to its average volume of 534,558. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.59. MidCap Financial Investment Corporation has a 52 week low of $9.48 and a 52 week high of $13.51. The stock has a market capitalization of $812.99 million, a price-to-earnings ratio of 246.81 and a beta of 0.60. The firm’s 50 day moving average is $10.51 and its two-hundred day moving average is $10.96.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. The business had revenue of ($17.79) million during the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a net margin of 1.90% and a return on equity of 10.86%. On average, equities research analysts predict that MidCap Financial Investment Corporation will post 1.38 earnings per share for the current year.

MidCap Financial Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 12.6%. The ex-dividend date was Tuesday, June 9th. MidCap Financial Investment’s dividend payout ratio (DPR) is 3,100.00%.

MidCap Financial Investment Company Profile

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.