Sumitomo Mitsui Trust Holdings Inc. Has $2.48 Million Stock Position in MidCap Financial Investment Co. (NASDAQ:MFIC)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,073 shares of the company’s stock after purchasing an additional 13,562 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of MidCap Financial Investment worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in shares of MidCap Financial Investment by 63.3% during the third quarter. Parkside Financial Bank & Trust now owns 6,021 shares of the company’s stock valued at $83,000 after purchasing an additional 2,335 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of MidCap Financial Investment during the third quarter valued at about $179,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of MidCap Financial Investment by 6.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,963 shares of the company’s stock valued at $192,000 after purchasing an additional 883 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of MidCap Financial Investment by 10.0% during the third quarter. Janney Montgomery Scott LLC now owns 20,683 shares of the company’s stock valued at $284,000 after purchasing an additional 1,882 shares during the period. Finally, Jump Financial LLC raised its holdings in shares of MidCap Financial Investment by 103.1% in the 3rd quarter. Jump Financial LLC now owns 28,100 shares of the company’s stock worth $386,000 after acquiring an additional 14,264 shares during the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.

MidCap Financial Investment Trading Down 0.1 %

NASDAQ:MFIC opened at $15.25 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.43 and a current ratio of 4.43. The firm has a market cap of $995.06 million, a price-to-earnings ratio of 8.38 and a beta of 1.47. MidCap Financial Investment Co. has a 52 week low of $10.78 and a 52 week high of $15.38. The firm has a 50-day moving average price of $14.71 and a two-hundred day moving average price of $13.93.

MidCap Financial Investment (NASDAQ:MFIC) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $71.95 million during the quarter, compared to analyst estimates of $68.44 million. MidCap Financial Investment had a net margin of 42.95% and a return on equity of 15.50%. During the same quarter last year, the business posted $0.43 EPS. On average, equities analysts expect that MidCap Financial Investment Co. will post 1.72 earnings per share for the current fiscal year.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.52 annualized dividend and a dividend yield of 9.97%. MidCap Financial Investment’s payout ratio is currently 83.52%.

Analyst Upgrades and Downgrades

MFIC has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of MidCap Financial Investment from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their target price on shares of MidCap Financial Investment from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Citigroup upped their target price on shares of MidCap Financial Investment from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their target price on shares of MidCap Financial Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their target price on shares of MidCap Financial Investment from $13.00 to $14.50 and gave the stock an “overweight” rating in a report on Monday, January 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.79.

About MidCap Financial Investment

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.