MidCap Financial Investment Corporation $MFIC Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 25.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,218 shares of the company’s stock after selling 56,339 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in MidCap Financial Investment were worth $2,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings 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 buying an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of MidCap Financial Investment by 1.5% in the second quarter. Rockefeller Capital Management L.P. now owns 77,277 shares of the company’s stock valued at $975,000 after acquiring an additional 1,111 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of MidCap Financial Investment by 20.6% in the second quarter. Nomura Asset Management Co. Ltd. now owns 6,706 shares of the company’s stock valued at $85,000 after acquiring an additional 1,147 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its stake in shares of MidCap Financial Investment by 6.2% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,139 shares of the company’s stock valued at $305,000 after acquiring an additional 1,419 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in MidCap Financial Investment by 1.6% during the 2nd quarter. Osaic Holdings Inc. now owns 95,698 shares of the company’s stock worth $1,208,000 after purchasing an additional 1,501 shares in the last quarter. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Wall Street Analyst Weigh In

MFIC has been the topic of a number of recent research reports. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Wells Fargo & Company reissued an “equal weight” rating and set a $11.00 price objective (down previously from $13.00) on shares of MidCap Financial Investment in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Compass Point reiterated a “neutral” rating and issued a $12.25 price target (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, MidCap Financial Investment currently has an average rating of “Hold” and a consensus target price of $12.75.

MidCap Financial Investment Stock Performance

Shares of MFIC stock opened at $11.43 on Friday. MidCap Financial Investment Corporation has a one year low of $10.18 and a one year high of $14.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34. The company has a 50 day moving average price of $11.81 and a 200 day moving average price of $12.28. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.78 and a beta of 0.74.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $82.58 million for the quarter, compared to the consensus estimate of $83.56 million. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. Sell-side analysts anticipate that MidCap Financial Investment Corporation will post 1.73 EPS for the current year.

MidCap Financial Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were issued a $0.38 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $1.52 dividend on an annualized basis and a yield of 13.3%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 143.40%.

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.