Rockefeller Capital Management L.P. Buys 2,055 Shares of MidCap Financial Investment Co. (NASDAQ:MFIC)

Rockefeller Capital Management L.P. grew its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 66,351 shares of the company’s stock after acquiring an additional 2,055 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in MidCap Financial Investment were worth $888,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MFIC. Cetera Advisors LLC bought a new stake in MidCap Financial Investment during the first quarter worth about $161,000. Redhawk Wealth Advisors Inc. bought a new stake in MidCap Financial Investment during the second quarter worth $578,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of MidCap Financial Investment by 19.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 263,128 shares of the company’s stock valued at $3,984,000 after purchasing an additional 42,723 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of MidCap Financial Investment in the 2nd quarter valued at $153,000. Finally, Van ECK Associates Corp lifted its position in shares of MidCap Financial Investment by 17.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,514,663 shares of the company’s stock worth $22,932,000 after buying an additional 226,313 shares during the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MFIC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $14.00 target price on shares of MidCap Financial Investment in a report on Tuesday, November 19th. Wells Fargo & Company decreased their target price on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, MidCap Financial Investment presently has an average rating of “Moderate Buy” and an average price target of $14.71.

MidCap Financial Investment Price Performance

MFIC stock opened at $14.18 on Monday. The company has a market capitalization of $1.33 billion, a P/E ratio of 9.09 and a beta of 1.49. The company has a fifty day moving average price of $13.59 and a 200-day moving average price of $14.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 8.51 and a current ratio of 8.51. MidCap Financial Investment Co. has a 52-week low of $12.26 and a 52-week high of $16.36.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 10.72%. The ex-dividend date is Tuesday, December 10th. MidCap Financial Investment’s payout ratio is presently 97.44%.

MidCap Financial Investment Profile

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.