MidCap Financial Investment (NASDAQ:MFIC) Announces Quarterly Earnings Results

MidCap Financial Investment (NASDAQ:MFIC) released its quarterly earnings data on Thursday. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02, Zacks reports. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The business had revenue of ($1.38) million for the quarter, compared to the consensus estimate of $78.87 million.

MidCap Financial Investment Price Performance

MidCap Financial Investment stock traded down $0.85 during midday trading on Friday, reaching $9.68. The company had a trading volume of 3,733,684 shares, compared to its average volume of 801,013. The company has a debt-to-equity ratio of 1.40, a current ratio of 4.34 and a quick ratio of 4.34. MidCap Financial Investment has a 12-month low of $9.61 and a 12-month high of $13.93. The company has a market capitalization of $903.14 million, a P/E ratio of 9.13 and a beta of 0.77. The firm’s fifty day simple moving average is $11.31 and its 200-day simple moving average is $11.91.

MidCap Financial Investment Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Tuesday, March 10th. MidCap Financial Investment’s dividend payout ratio is 143.40%.

Key Headlines Impacting MidCap Financial Investment

Here are the key news stories impacting MidCap Financial Investment this week:

• Positive Sentiment: Q4 EPS beat estimates: MFIC reported $0.39 EPS vs. consensus $0.37, showing underlying earnings strength. MidCap Financial Investment (MFIC) Tops Q4 Earnings Estimates
• Positive Sentiment: Generous quarterly dividend declared: MFIC set a $0.31 quarterly dividend (annualized yield ~12.4%), which supports income-focused shareholders and can prop up demand ahead of the ex-dividend date. MidCap Financial Investment Corporation Reports Financial Results
• Neutral Sentiment: Management commentary available — mixed tone: Call transcripts and highlights show management acknowledging credit headwinds (especially in software), portfolio monitoring and actions taken; useful for assessing whether losses are isolated or broader. Review call detail for guidance and provisioning discussion. MidCap Financial Investment Corporation (MFIC) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Credit weakness concentrated in software/tech loans: Coverage and the earnings call flagged deterioration in a software-exposed segment that drove markdowns and provisioning, raising near-term credit risk concerns. Apollo-affiliated MidCap Financial feels sting from software credit weakness in Q4
• Negative Sentiment: Apollo-related fund markdowns increase scrutiny: An Apollo private credit fund marked down soured loans in its portfolio, which markets view as related/indicative for MFIC given affiliation and shared exposure — a negative catalyst for sentiment and valuation. Apollo Private Credit Fund Marks Down Portfolio on Soured Loans
• Negative Sentiment: Reported “negative” revenue line (realized/mark-to-market losses): The quarter showed a revenue figure reflecting realized losses and markdowns (reported as negative), which offsets the EPS beat and creates uncertainty about recurring earnings power. MidCap Financial Investment Corp (MFIC) Q4 2025 Earnings Call Highlights

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MFIC shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 price target (down from $13.00) on shares of MidCap Financial Investment in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MidCap Financial Investment in a report on Thursday, January 22nd. Zacks Research raised MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. lowered their price objective on MidCap Financial Investment from $12.00 to $11.50 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Compass Point reaffirmed a “neutral” rating and set a $12.25 target price (down from $14.75) on shares of MidCap Financial Investment in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, MidCap Financial Investment has a consensus rating of “Hold” and an average price target of $12.75.

Institutional Trading of MidCap Financial Investment

A number of institutional investors have recently made changes to their positions in the company. Virtu Financial LLC lifted its holdings in MidCap Financial Investment by 22.0% in the 4th quarter. Virtu Financial LLC now owns 26,960 shares of the company’s stock valued at $308,000 after purchasing an additional 4,856 shares in the last quarter. Invesco Ltd. lifted its stake in shares of MidCap Financial Investment by 3.5% in the fourth quarter. Invesco Ltd. now owns 911,041 shares of the company’s stock worth $10,422,000 after buying an additional 30,604 shares in the last quarter. Papamarkou Wellner Asset Management inc. acquired a new position in MidCap Financial Investment during the fourth quarter worth about $194,000. XTX Topco Ltd purchased a new stake in MidCap Financial Investment during the 4th quarter valued at about $1,548,000. Finally, VARCOV Co. purchased a new stake in MidCap Financial Investment during the 4th quarter valued at about $271,000. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Company 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.