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

Hennion & Walsh Asset Management Inc. cut its stake in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,218 shares of the company’s stock after selling 56,339 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.18% of MidCap Financial Investment worth $2,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings 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 valued at $308,000 after purchasing an additional 1,000 shares during the period. Rockefeller Capital Management L.P. grew its position in MidCap Financial Investment by 1.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 77,277 shares of the company’s stock valued at $975,000 after buying an additional 1,111 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in MidCap Financial Investment by 20.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,706 shares of the company’s stock valued at $85,000 after buying an additional 1,147 shares during the period. Generali Investments CEE investicni spolecnost a.s. raised its position in MidCap Financial Investment by 6.2% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,139 shares of the company’s stock worth $305,000 after buying an additional 1,419 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of MidCap Financial Investment by 1.6% in the 2nd quarter. Osaic Holdings Inc. now owns 95,698 shares of the company’s stock worth $1,208,000 after acquiring an additional 1,501 shares during the period. 28.45% of the stock is currently owned by hedge funds and other institutional investors.

MidCap Financial Investment Price Performance

Shares of NASDAQ:MFIC opened at $11.43 on Friday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.78 and a beta of 0.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.34 and a quick ratio of 4.34. The business’s 50 day simple moving average is $11.81 and its 200-day simple moving average is $12.28. MidCap Financial Investment Corporation has a 12 month low of $10.18 and a 12 month high of $14.74.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $82.58 million during the quarter, compared to the consensus estimate of $83.56 million. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%. As a group, equities analysts forecast that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a $0.38 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $1.52 annualized dividend and a dividend yield of 13.3%. MidCap Financial Investment’s payout ratio is currently 143.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MFIC. Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research report on Wednesday, October 8th. Raymond James Financial set a $13.50 target price on MidCap Financial Investment and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Wells Fargo & Company restated an “equal weight” rating and issued a $11.00 price target (down from $13.00) on shares of MidCap Financial Investment in a research note on Wednesday. Finally, Compass Point reiterated a “neutral” rating and issued a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, MidCap Financial Investment currently has a consensus rating of “Hold” and an average price target of $12.75.

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.