MidCap Financial Investment (MFIC) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.65%. A quarter ago, it was expected that this investment company would post earnings of $0.43 per share when it actually produced earnings of $0.44, delivering a surprise of 2.33%. Over the last four ...

Financial Performance - Net investment income per share for the quarter ended June 30, 2024, was $0.45, an increase from $0.44 for the quarter ended March 31, 2024[1]. - Total Investment Income for the three months ended June 30, 2024, was $69,156,000, a slight increase from $68,616,000 for the same period in 2023, representing a growth of 0.8%[19]. - Net Investment Income for the six months ended June 30, 2024, was $58,084,000, compared to $58,333,000 for the same period in 2023, showing a decrease of 0.4%[19]. - Earnings per share (basic) for the three months ended June 30, 2024, was $0.35, down from $0.39 in the same period last year, a decrease of 10.3%[19]. - The company reported a net increase in net assets resulting from operations of $22,555,000 for the three months ended June 30, 2024, compared to $25,405,000 for the same period in 2023, a decrease of 7.3%[19]. Assets and Liabilities - Net asset value per share as of June 30, 2024, was $15.38, down from $15.42 as of March 31, 2024[1]. - Total assets as of June 30, 2024, were $2.55 billion, compared to $2.45 billion as of March 31, 2024[5]. - As of June 30, 2024, total assets amounted to $2,551,126,000, an increase from $2,501,331,000 on December 31, 2023[17]. - Total liabilities increased to $1,547,367,000 as of June 30, 2024, compared to $1,496,021,000 at the end of 2023[17]. Investments - New investment commitments during the quarter totaled $285 million, with gross fundings of $214 million and net fundings of $90 million[1]. - The company made investments totaling $245.4 million in the three months ended June 30, 2024, compared to $101.6 million in the same period of 2023[6]. - The number of investments in new portfolio companies increased to 18 in the three months ended June 30, 2024, from 12 in the same period of 2023[6]. - The company primarily invests in first lien senior secured loans to privately held U.S. middle-market companies, defined as those with less than $75 million in EBITDA[23]. Debt and Leverage - The company's net leverage ratio was 1.45x as of June 30, 2024, reduced to 1.13x following the mergers completed on July 22, 2024[1]. - Floating rate debt amounted to $2.1 billion, representing 100% of the total debt portfolio[15]. - The portfolio composition included 90% first lien secured debt and 1% second lien secured debt as of June 30, 2024[15]. - The company reported a total secured debt percentage of 91% as of June 30, 2024, consistent with previous quarters[15]. Distributions and Share Repurchases - A special distribution of $0.20 per share was declared on July 21, 2024, payable on August 15, 2024[1]. - The company has repurchased 15,593,120 shares at a weighted average price of $15.91, totaling $248.1 million, with $26.9 million remaining for future purchases[9]. - A special distribution of $0.20 per share of common stock was declared, payable on August 15, 2024[14]. Expenses - Total expenses for the three months ended June 30, 2024, were $39,882,000, slightly lower than $40,117,000 for the same period in 2023, a decrease of 0.6%[19]. - Management fees for the three months ended June 30, 2024, were $4,389,000, compared to $4,334,000 for the same period in 2023, an increase of 1.3%[19]. - Interest and other debt expenses for the three months ended June 30, 2024, were $26,992,000, up from $26,002,000 in the prior year, an increase of 3.8%[19]. - Management and performance-based incentive fees payable were reported at $9,962,000, down from $10,729,000 in the previous period[17]. Yield and Interest Income - The weighted average yield for first lien secured debt was 11.9% as of June 30, 2024, compared to 12.0% in the previous quarter[15]. - Interest income (excluding PIK interest income) from non-controlled/non-affiliated investments was $60,146,000 for the three months ended June 30, 2024, down from $61,826,000 in the prior year, a decline of 2.7%[19]. Realized Gains and Losses - Net realized gains (losses) for the three months ended June 30, 2024, were $(15,638,000), compared to $(165,000) for the same period in 2023, indicating a significant increase in losses[19].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-00646 MIDCAP FINANCIAL INVESTMENT CORPORATION (Exact name of Registrant as specified in its charter) Maryland 52-2439556 (State or other jurisdiction of incorporation or org ...

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 value per share as of the end of the quarter was $15.38, compared to $15.42 as of March 31, 2024 New investment commitments made during the quarter totaled $285 million(1) Gross fundings, excluding revolver fundings(2), totaled $214 million for the quarter Net fundings, including revolvers(2), ...

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 value per share as of the end of the quarter was $15.38, compared to $15.42 as of March 31, 2024 New investment commitments made during the quarter totaled $285 million(1) Gross fundings, excluding revolver fundings(2), totaled $214 million for the quarter Net fundings, including revolvers(2), ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MidCap Financial Investment (MFIC) . This company, which is in the Zacks Financial - Miscellaneous Services industry, shows potential for another earnings beat. When looking at the last two reports, this investment company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.65%, ...

MidCap Financial Investment (MFIC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. ...

The final exchange ratios were based on MFIC's net asset value ("NAV") per share of $15.43, AFT's NAV per share of $14.73, and AIF's NAV per share of $14.57, each calculated as of July 19, 2024. As of June 30, 2024, MFIC's NAV per share was $15.38, AFT's NAV per share was $14.89, and AIF's NAV per share was $14.77. MFIC's NAV per share as of June 30, 2024 reflects net investment income of $0.45 per share for the June quarter and certain adjustments to the fair value of its investment portfolio. The change i ...

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act"). For tax purposes, the Company has elected to be treated as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). The Company is externally managed by Apollo Investment Management, ...

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, after the closing of the Nasdaq Global Select Market on Wednesday, August 7, 2024. The Company will host a conference call on Thursday, August 8, 2024, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 343-5172 approximately 5-10 minutes prior to th ...