earnings
confidence high
sentiment neutral
materiality 0.65
MFIC Q1 NII $0.37/share, NAV $14.93, dividend $0.38; leverage 1.31x
MidCap Financial Investment Corp
- NII of $34.3M ($0.37/share) vs $28.5M ($0.44/share) in Q1 2024; down from $0.40 in Q4 2024.
- NAV per share $14.93, down 0.3% from $14.98 at Dec 31, 2024; net assets $1.39B.
- New investment commitments $376M; gross fundings $357M; completed $529.6M CLO (MFIC Bethesda CLO 2) in Feb 2025.
- Board declared $0.38/share dividend payable June 26, 2025 to holders of record June 10, 2025.
- Repurchased 476,656 shares at avg $12.75/share ($6.1M); net leverage 1.31x vs 1.16x in Dec 2024.