MidCap Financial Investment Corporation (MFIC)
| Market Cap | 1.28B |
| Revenue (ttm) | 291.58M |
| Net Income (ttm) | 108.02M |
| Shares Out | 93.78M |
| EPS (ttm) | 1.53 |
| PE Ratio | 8.95 |
| Forward PE | 8.47 |
| Dividend | $1.52 (11.14%) |
| Ex-Dividend Date | Dec 10, 2024 |
| Volume | 608,012 |
| Open | 13.65 |
| Previous Close | 13.70 |
| Day's Range | 13.59 - 13.75 |
| 52-Week Range | 12.26 - 16.36 |
| Beta | 1.54 |
| Analysts | Buy |
| Price Target | 14.50 (+6.23%) |
| Earnings Date | Nov 7, 2024 |
About MFIC
MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is a 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. It provides direct equity capital, mezzanine, first lien... [Read more]
Financial Performance
In 2023, MFIC's revenue was $276.52 million, an increase of 20.04% compared to the previous year's $230.35 million. Earnings were $118.76 million, an increase of 336.97%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for MFIC stock is "Buy." The 12-month stock price forecast is $14.5, which is an increase of 6.23% from the latest price.
News
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MidCap Financial: 11% Yield, 86% Payout Ratio, NAV Discount (Upgrade)
MidCap Financial Investment is a well-managed BDC with stable dividends, currently selling at a 7% discount to net asset value, offering a margin of safety. The company paid a $0.38 base dividend and ...
MidCap Financial Investment Corporation: Trading At Discount With 10.8% Yield
MidCap Financial Investment Corporation offers an attractive near 11% dividend yield, with shares underperforming post-merger. Third quarter results show increased investment income and net investment...
MidCap Financial Investment Corporation (MFIC) Q3 2024 Earnings Call Transcript
Start Time: 08:30 January 1, 0000 9:10 AM ET MidCap Financial Investment Corporation (NASDAQ:MFIC) Q3 2024 Earnings Call November 07, 2024, 08:30 AM ET Company Participants Howard Widra - Executive C...
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2024
Results for the Quarter Ended September 30, 2024 and Other Recent Highlights: Net investment income per share for the quarter was $0.44, compared to $0.45 for the quarter ended June 30, 2024 Net asset...
MidCap Financial Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it has amended and extended its senior secured, multi-currency, ...
MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended September 30, 2024
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended September 30, 2024,...
MidCap Financial Investment: Uniquely Positioned To Capitalize On Interest Rate Cuts
MidCap Financial Investment offers a high dividend yield of 11.3%, appealing to income-oriented investors despite recent underperformance due to merger uncertainty and rising non-accrual rates. The me...
MidCap Financial Investment Corporation (MFIC) Q2 2024 Earnings Call Transcript
MidCap Financial Investment Corporation (NASDAQ:MFIC) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Elizabeth Besen - Investor Relations Manager Tanner Powell - Chie...
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended June 30, 2024
Results for the Quarter Ended June 30, 2024 and Other Recent Highlights: Net investment income per share for the quarter was $0.45, compared to $0.44 for the quarter ended March 31, 2024 Net asset val...
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MidCap Financial Investment: Too Much Uncertainty To Go Long
Last year, I assigned a neutral view to MidCap Financial Investment Corporation due to potential interest rate cuts and rising corporate default rates. Despite these concerns, MFIC slightly outperform...
MidCap Financial Investment Corporation Completes Mergers with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.
MFIC Declares Special Distribution of $0.20 Per Share in Connection with Mergers MFIC Declares Special Distribution of $0.20 Per Share in Connection with Mergers
MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended June 30, 2024
NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended June 30, 2024, afte...
Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Announce Stockholder Approval of Mergers with MidCap Financial Investment Corporation
NEW YORK, June 21, 2024 (GLOBE NEWSWIRE) -- Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) (AFT and AIF, together, the “CEFs”) today announced that ...
With Recent Valuation, MidCap Financial Investment Remains A Buy
MidCap Financial's dividend of $0.38 is supported by net asset cash flow above the dividend amount. Q3 earnings of $0.44 were slightly lower than the previous quarter, likely due to higher interest ra...
MidCap Financial: A Well-Covered 9.4% Yield, But Don't Chase It
MidCap Financial Investment Corporation's stock classification was modified due to anticipated decline in short-term interest rates. The BDC's 100% floating-rate exposure has not yet resulted in softe...
BDC Weekly Review: BDCs And Insurance Companies Are An Odd Pairing
We take a look at the action in business development companies through the last week of May and highlight some of the key themes we are watching. BDCs had a good week, outperforming the broader income...
MidCap Financial Investment Corporation Announces Stockholder Approval of the Proposal Related to the Proposed Mergers with Apollo Senior Floating Rate Fund Inc. (“AFT”) and Apollo Tactical Income Fund Inc. (“AIF”), and AFT and AIF Announce Adjournment of
Stockholders of AFT and AIF Who Have Voted Thus Far Have Strongly Supported the Merger Proposals Both Leading Independent Proxy Advisors, Institutional Shareholder Services (“ISS”) and Glass Lewis & C...
MidCap Financial Investment Corporation: Unique Opportunity To Benefit From Merger
The ongoing merger of the Apollo Funds (AFT & AIF) grants MFIC the ability to repurpose $473M of funds into their main business of lending.
MidCap Financial Investment Corporation (MFIC) Q1 2024 Earnings Call Transcript
MidCap Financial Investment Corporation (NASDAQ:MFIC) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Elizabeth Besen - Investor Relations Manager Tanner Powell - Chief E...
MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended March 31, 2024
Results for the Quarter Ended March 31, 2024 and Other Recent Highlights: Net investment income per share for the quarter was $0.44, compared to $0.46 for the quarter ended December 31, 2023 Net asset...
MidCap Financial Investment Corporation: Buy This 10% Yielder Before The Merger
MidCap Financial Investment Corporation is a business development company that invests in senior secured debt loans to middle market companies. MFIC is involved in a proposed merger with Apollo Senior...