Sumitomo Mitsui Trust Group Inc. Buys 168,357 Shares of MidCap Financial Investment Corporation $MFIC

Sumitomo Mitsui Trust Group Inc. grew its position in MidCap Financial Investment Corporation (NASDAQ:MFIC) by 50.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 503,351 shares of the company’s stock after purchasing an additional 168,357 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in MidCap Financial Investment were worth $6,035,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in MidCap Financial Investment during the 2nd quarter worth $32,000. Signaturefd LLC grew its position in shares of MidCap Financial Investment by 88.5% in the second quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock valued at $43,000 after purchasing an additional 1,590 shares during the last quarter. Financial Consulate Inc. bought a new position in shares of MidCap Financial Investment in the third quarter worth about $46,000. State of Alaska Department of Revenue bought a new position in MidCap Financial Investment in the 3rd quarter worth approximately $46,000. Finally, Access Investment Management LLC acquired a new position in shares of MidCap Financial Investment during the second quarter worth approximately $50,000. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Stock Performance

MidCap Financial Investment stock opened at $11.57 on Friday. The stock has a 50-day simple moving average of $11.73 and a 200 day simple moving average of $12.24. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.92 and a beta of 0.74. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. 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 posted 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 analysts’ expectations of $83.56 million. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. On average, research analysts anticipate 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. Shareholders of record on Tuesday, December 9th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.52 dividend on an annualized basis and a yield of 13.1%. MidCap Financial Investment’s dividend payout ratio (DPR) is presently 143.40%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Compass Point reaffirmed a “neutral” rating and set a $12.25 target price (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of MidCap Financial Investment in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of MidCap Financial Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Keefe, Bruyette & Woods lowered their price target on MidCap Financial Investment from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. decreased their price objective on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.75.

MidCap Financial Investment 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.