Rockefeller Capital Management L.P. Lowers Position in MidCap Financial Investment Corporation $MFIC

Rockefeller Capital Management L.P. decreased its holdings in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 93.1% during the fourth quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in MidCap Financial Investment by 4.3% during the 2nd quarter. NewEdge Advisors LLC now owns 24,430 shares of the company’s stock valued at $308,000 after acquiring an additional 1,000 shares in the last quarter. AlphaCore Capital LLC boosted 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 in the last quarter. Camelot Portfolios LLC grew its stake in MidCap Financial Investment by 2.2% in the third quarter. Camelot Portfolios LLC now owns 63,262 shares of the company’s stock valued at $759,000 after purchasing an additional 1,378 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in MidCap Financial Investment by 4.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 37,713 shares of the company’s stock valued at $431,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its stake 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 valued at $198,000 after purchasing an additional 1,700 shares during the last quarter. 28.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

MidCap Financial Investment Stock Up 2.4%

Shares of MidCap Financial Investment stock traded up $0.23 during trading on Friday, reaching $9.87. The company’s stock had a trading volume of 430,880 shares, 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. The company has a market cap of $812.99 million, a price-to-earnings ratio of 246.81 and a beta of 0.60. MidCap Financial Investment Corporation has a 1-year low of $9.48 and a 1-year high of $13.51. The company has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.96.

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

MidCap Financial Investment Announces Dividend

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