Sumitomo Mitsui Trust Group Inc. Purchases 44,385 Shares of MidCap Financial Investment Corporation (NASDAQ:MFIC)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of MidCap Financial Investment Corporation (NASDAQ:MFIC - Free Report) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,584 shares of the company's stock after buying an additional 44,385 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of MidCap Financial Investment worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of MidCap Financial Investment by 3.5% during the first quarter. International Assets Investment Management LLC now owns 25,595 shares of the company's stock worth $329,000 after purchasing an additional 876 shares in the last quarter. Accel Wealth Management lifted its position in shares of MidCap Financial Investment by 8.5% during the first quarter. Accel Wealth Management now owns 13,651 shares of the company's stock worth $176,000 after purchasing an additional 1,074 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of MidCap Financial Investment by 1.2% during the first quarter. Confluence Investment Management LLC now owns 89,748 shares of the company's stock worth $1,154,000 after purchasing an additional 1,104 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of MidCap Financial Investment by 8.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,667 shares of the company's stock worth $266,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of MidCap Financial Investment by 2.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 68,202 shares of the company's stock worth $920,000 after purchasing an additional 1,851 shares in the last quarter. 28.45% of the stock is owned by institutional investors.

MidCap Financial Investment Trading Up 0.8%

NASDAQ MFIC traded up $0.10 during trading hours on Tuesday, hitting $12.79. The company's stock had a trading volume of 390,519 shares, compared to its average volume of 451,795. The stock has a fifty day moving average of $12.56 and a 200 day moving average of $12.92. MidCap Financial Investment Corporation has a twelve month low of $10.18 and a twelve month high of $15.70. The firm has a market capitalization of $1.19 billion, a P/E ratio of 10.31 and a beta of 0.97. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 1.39.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). MidCap Financial Investment had a net margin of 33.21% and a return on equity of 10.66%. The business had revenue of $78.70 million during the quarter, compared to analyst estimates of $82.49 million. Equities research 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 Thursday, June 26th. Investors of record on Tuesday, June 10th were issued a $0.38 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.52 annualized dividend and a yield of 11.88%. MidCap Financial Investment's dividend payout ratio is currently 122.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MFIC shares. Truist Financial reduced their target price on shares of MidCap Financial Investment from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods reduced their target price on shares of MidCap Financial Investment from $15.00 to $14.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on shares of MidCap Financial Investment from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of MidCap Financial Investment from $13.50 to $11.50 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.00.

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.