MidCap Financial Investment Corporation (MFIC) is a premier specialty finance firm that specializes in delivering tailored financing solutions to middle-market companies across diverse sectors. With a commitment to innovative investment strategies, MFIC seeks to optimize portfolio returns while maintaining a strong emphasis on rigorous risk management and capital preservation. Led by an experienced management team with profound industry knowledge, the company adeptly identifies lucrative investment opportunities, positioning itself as a reliable partner for businesses in need of growth capital. MFIC's focus on operational excellence enables it to adeptly navigate the complexities of a dynamic market environment, further enhancing its appeal to institutional investors.
| Revenue (TTM) | $300.98M |
| Gross Profit (TTM) | $300.98M |
| EBITDA | — |
| Operating Margin | 87.70% |
| Return on Equity | -2.39% |
| Return on Assets | 5.10% |
| Revenue/Share (TTM) | $3.35 |
| Book Value | $13.37 |
| Price-to-Book | 0.72 |
| Price-to-Sales (TTM) | 2.63 |
| EV/Revenue | 117.04 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | -3.90% |
| Quarterly Revenue Growth (YoY) | -16.00% |
| Shares Outstanding | $82.37M |
| Float | 0 |
| % Insiders | 0.91% |
| % Institutions | 40.45% |
Volatility is currently contracting
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MidCap Financial Investment (MFIC) maintains a sell rating as portfolio contraction and NAV decline persist, despite stable dividend coverage. MFIC's net investment income per share is sustained through expense reductions, not portfolio growth, with total assets falling from $3.46B to $2.86B year-over-year. MFIC trades at a 27.8% discount to NAV, reflecting market skepticism on its ability to source new investments and reverse NAV erosion.
MidCap Financial Investment NASDAQ: MFIC reported second-quarter 2026 net investment income of $0.40 per share and a GAAP net loss of $0.21 per share, as credit-related markdowns concentrated in a small group of portfolio companies reduced net asset value.
MidCap Financial Investment (MFIC) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.39 per share a year ago.
Results for the Quarter Ended June 30, 2026, and Other Recent Highlights: Net investment income per share for the quarter was $0.40, compared to $0.38 for the quarter ended March 31, 2026 Net asset value (“NAV”) per share as of the end of the quarter was $13.37, compared to $13.82 as of March 31, 2026, representing a 3.2% decrease. The decline was driven by a net loss on the portfolio, driven by credit-related weakness concentrated in a limited number of positions partially offset by the accretive impact of stock buybacks below NAV and net investment income in excess of the dividend New investment commitments made during the quarter totaled $6 million to existing borrowers (1) Gross fundings, excluding revolver fundings, (2) totaled $21 million for the quarter Net repayments, including revolvers (2) totaled $160 million for the quarter, including a $12.5 million repayment from Merx reducing the position to 2.5% of the total portfolio, as of quarter-end Net leverage (3) was 1.54x as of June 30, 2026 Repurchased 2,755,221 shares of common stock at a weighted average price per share of $11.58, inclusive of commissions, for an aggregate cost of $31.9 million during the quarter, which fully utilized the existing capacity under the share repurchase program and generated $0.07 per share of NAV accretion On August 5, 2026, the Company's Board of Directors (the “Board”) declared a dividend of $0.31 per share payable on September 24, 2026, to stockholders of record as of September 8, 2026 (4) NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) or the “Company,” today announced financial results for the quarter ended June 30, 2026.
MidCap Financial (MFIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended June 30, 2026, prior to the opening of the Nasdaq Global Select Market on Thursday, August 6, 2026.
April net investment activity reached a multi-year low as rising stock valuations and BDC sector weakness prompted a cautious approach and selective BDC purchases. Focused April allocations on Ares Capital, Blue Owl Capital, and Hercules Capital, yielding a 7.5% average on new investments despite sector headwinds. Dividend income set a modest April record at $990, up 3% year-over-year, with BDCs contributing 27% of Q2 year-to-date dividends but facing potential further cuts.
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