MidCap Financial InvestmentMFIC
MFIC
About: MidCap Financial Investment Corp is an externally managed, publicly traded, closed-end, diversified management investment company. Its investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. It predominantly invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, and in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies.
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
96% more capital invested
Capital invested by funds: $355M [Q4 2024] → $697M (+$342M) [Q1 2025]
68% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 40
62% more call options, than puts
Call options by funds: $2.27M | Put options by funds: $1.4M
1.47% more ownership
Funds ownership: 28.05% [Q4 2024] → 29.52% (+1.47%) [Q1 2025]
3% less funds holding
Funds holding: 169 [Q4 2024] → 164 (-5) [Q1 2025]
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11.50
6%
downside
Avg. target
$13.50
11%
upside
High target
$15
23%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Truist Securities Mark Hughes | 23%upside $15 | Buy Maintained | 14 May 2025 |
Wells Fargo Finian O'Shea | 6%upside $13 | Overweight Maintained | 28 Apr 2025 |
JP Morgan Melissa Wedel | 6%downside $11.50 | Neutral Maintained | 24 Apr 2025 |
Keefe, Bruyette & Woods Paul Johnson | 19%upside $14.50 | Outperform Maintained | 8 Apr 2025 |
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
MidCap Financial's Q1 Results Confirm Weaker BDC Investment Returns, Still Undervalued
MidCap Financial's Q1 results were weak but in line with peers, reflecting lower investment income and asset yields as SOFR rates declined. Management is actively repositioning the portfolio, notably reinvesting Merx proceeds at higher yields and refinancing debt to lower costs, supporting future earnings growth. Despite a slight earnings miss, the dividend remains very safe, with strong cash reserves and upside potential from increased leverage and Merx reinvestment.
Neutral
Seeking Alpha
1 month ago
MidCap Financial Investment Corporation (MFIC) Q1 2025 Earnings Call Transcript
MidCap Financial Investment Corporation (NASDAQ:MFIC ) Q1 2025 Earnings Conference Call May 13, 2025 8:30 AM ET Company Participants Elizabeth Besen - IR Manager Tanner Powell - CEO Ted McNulty - President Greg Hunt - CFO Howard Widra - Executive Chairman Conference Call Participants Mark Hughes - Truist Kenneth Lee - RBC Capital Markets Melissa Weddle - JPMorgan Paul Johnson - KBW Operator Good morning, and welcome to the Earnings Conference Call for the period ended March 31, 2025, for MidCap Financial Investment Corporation. At this time, all participants have been placed in a listen-only mode.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, MidCap Financial (MFIC) Q1 Earnings: A Look at Key Metrics
The headline numbers for MidCap Financial (MFIC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
1 month ago
MidCap Financial Investment (MFIC) Q1 Earnings and Revenues Lag Estimates
MidCap Financial Investment (MFIC) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.44 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2025
Results for the Quarter Ended March 31, 2025 and Other Recent Highlights: Net investment income per share for the quarter was $0.37 Net asset value per share as of the end of the quarter was $14.93, compared to $14.98 as of December 31, 2024, a decrease of 0.3% New investment commitments made during the quarter totaled $376 million (1) Gross fundings, excluding revolver fundings (2) , totaled $357 million for the quarter Net fundings, including revolvers (2) , totaled $170 million for the quarter Net leverage (3) was 1.31x as of March 31, 2025 Repurchased 476,656 shares of common stock at a weighted average price per share of $12.75, inclusive of commissions, for an aggregate cost of $6.1 million during the quarter Completed Collateralized Loan Obligation (“CLO”) transaction, MFIC Bethesda CLO 2 LLC, a $529.6 million CLO secured by middle market loans in February 2025 On May 7, 2025, the Board of Directors (the “Board”) declared a dividend of $0.38 per share payable on June 26, 2025 to stockholders of record as of June 10, 2025 (4) NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) or the “Company,” today announced financial results for the quarter ended March 31, 2025. The Company's net investment income was $0.37 per share for the quarter ended March 31, 2025, compared to $0.40 per share for the quarter ended December 31, 2024.
Positive
Zacks Investment Research
2 months ago
MidCap Financial (MFIC) Moves 11.8% Higher: Will This Strength Last?
MidCap Financial (MFIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Neutral
GlobeNewsWire
2 months ago
MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended March 31, 2025
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended March 31, 2025, after the closing of the Nasdaq Global Select Market on Monday, May 12, 2025.
Positive
Seeking Alpha
2 months ago
MidCap Financial: Investment Requires Patience, Still A Buy
MidCap Financial Investment Corporation reported in-line December quarter results, maintaining a low leverage ratio of 1.18 and exceeding the paid dividend. Management is confident in the dividend's safety, planning to increase leverage to the target of 1.4 over the next few quarters. The company faces challenges with non-accrual investments impacting Net Asset Value, but expects earnings to improve with higher leverage and potential rate cuts.
Neutral
Seeking Alpha
3 months ago
MidCap Financial Investment Corporation (MFIC) Q4 2024 Earnings Call Transcript
MidCap Financial Investment Corporation (NASDAQ:MFIC ) Q4 2024 Earnings Conference Call February 26, 2025 8:30 AM ET Company Participants Tanner Powell - CEO Ted McNulty - President Greg Hunt - CFO Elizabeth Besen - IR Manager Conference Call Participants Finian O'Shea - Wells Fargo Securities Mark Hughes - Truist Sean-Paul Adams - Raymond James Matthew Hewitt - Jefferies Paul Johnson - KBW Melissa Weddle - JPMorgan Casey Alexander - Compass Point Operator Good morning and welcome to the earnings conference call for the period ended December 31, 2024, for MidCap Financial Investment Corporation. At this time, all participants have been placed in a listen-only mode.
Negative
Zacks Investment Research
3 months ago
MidCap Financial Investment (MFIC) Q4 Earnings and Revenues Miss Estimates
MidCap Financial Investment (MFIC) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.46 per share a year ago.
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