| 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. |
seekingalpha.com |
2025-05-13 15:08:26 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2025-05-12 23:30:38 |
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| 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. |
zacks.com |
2025-05-12 22:20:39 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2025-05-12 20:01:00 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2025-04-10 17:55:41 |
Czytaj oryginał (ang.) |
| 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. |
globenewswire.com |
2025-04-03 13:05:00 |
Czytaj oryginał (ang.) |
| 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. |
seekingalpha.com |
2025-03-17 01:35:00 |
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| 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. |
seekingalpha.com |
2025-02-26 13:36:11 |
Czytaj oryginał (ang.) |
| 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. |
zacks.com |
2025-02-25 21:35:20 |
Czytaj oryginał (ang.) |
| MidCap Financial Investment Corporation Reports Financial Results for the Quarter and Fiscal Year Ended December 31, 2024 |
Results for the Quarter and Fiscal Year Ended December 31, 2024 and Other Recent Highlights: Net investment income per share for the quarter was $0.40 Net asset value per share as of the end of the quarter was $14.98, compared to $15.10 as of September 30, 2024, a decrease of 0.8% New investment commitments made during the quarter totaled $255 million(1) Gross fundings, excluding revolver fundings(2), totaled $248 million for the quarter Net repayments, including revolvers(2), totaled $6 million for the quarter Net leverage(3) was 1.16x as of December 31, 2024 On February 21, 2025, the Board of Directors (the “Board”) declared a dividend of $0.38 per share payable on March 27, 2025 to stockholders of record as of March 11, 2025(4) On February 24, 2025, the Company closed its second Collateralized Loan Obligation (“CLO”) transaction, MFIC Bethesda CLO 2 LLC (the “Bethesda CLO 2 Issuer”), a $529.6 million CLO secured by middle market loans, adding $399.0 million of secured debt capital with a weighted average price of SOFR + 161 basis points(5) NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) or the “Company,” today announced financial results for its quarter and fiscal year ended December 31, 2024. The Company's net investment income was $0.40 per share for the quarter ended December 31, 2024, compared to $0.44 per share for the quarter ended September 30, 2024. |
globenewswire.com |
2025-02-25 18:01:00 |
Czytaj oryginał (ang.) |
| Yield Hunting Part 10: 8%-Plus YTM With MidCap Financial And Its Baby Bond MFICL |
MFICL offers a high yield of 8% with decent credit quality, making it an attractive low-duration investment option for yield-hunting investors. MFIC's financial strength is Baa3 equivalent, with strong asset coverage and senior secured loans, but its debt structure is less favorable. The bond is trading above par with a yield to call of 7.5% and a maturity yield of 8.06%. |
seekingalpha.com |
2025-02-21 20:36:03 |
Czytaj oryginał (ang.) |
| MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter and Fiscal Year Ended December 31, 2024 |
NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter and fiscal year ended December 31, 2024, after the closing of the Nasdaq Global Select Market on Tuesday, February 25, 2025. |
globenewswire.com |
2025-01-07 18:15:00 |
Czytaj oryginał (ang.) |
| Huge Yields, Brief Notes |
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes. |
seekingalpha.com |
2024-12-13 00:42:33 |
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| 4 Cheap Dividend Stocks To Buy For 2025 |
Small cap stocks should benefit from the new administration. Today we'll discuss four cheap dividend stocks with yields between 7% and 15.1%. |
forbes.com |
2024-12-07 11:56:00 |
Czytaj oryginał (ang.) |
| 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 a $0.20 special dividend, maintaining an 85% dividend payout ratio, indicating potential for future special dividends. Improved core non-accrual ratio and strategic portfolio investments in First and Second Liens strengthen confidence in MidCap Financial Investment's dividend sustainability. |
seekingalpha.com |
2024-12-06 20:23:41 |
Czytaj oryginał (ang.) |
| 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 income, though net assets and NAV per share have declined. The company's portfolio is diversified and first lien-heavy portfolio. |
seekingalpha.com |
2024-11-27 00:42:33 |
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| 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 Chairman Tanner Powell - CEO Ted McNulty - President Greg Hunt - CFO Elizabeth Besen - IR Manager Conference Call Participants Kenneth Lee - RBC Capital Partners Markets Mark Hughes - Truist Matthew Hewitt - Jefferies Paul Johnson - KBW Operator Good morning and welcome to the Earnings Conference Call for the period ending September 30, 2024 for MidCap Financial Investment Corporation. At this time, all participants have been placed in a listen-only mode and the call will be open for your questions and answers session following the speakers' prepared remarks. |
seekingalpha.com |
2024-11-07 13:12:09 |
Czytaj oryginał (ang.) |
| Compared to Estimates, MidCap Financial (MFIC) Q3 Earnings: A Look at Key Metrics |
While the top- and bottom-line numbers for MidCap Financial (MFIC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-11-07 12:35:48 |
Czytaj oryginał (ang.) |
| MidCap Financial Investment (MFIC) Beats Q3 Earnings Estimates |
MidCap Financial Investment (MFIC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.43 per share a year ago. |
zacks.com |
2024-11-07 10:50:36 |
Czytaj oryginał (ang.) |
| 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 value per share as of the end of the quarter was $15.10, a decrease of 0.5% compared to June 30, 2024, excluding the impact of the $0.20 per share special distribution paid to stockholders in connection with the Mergers (1) New investment commitments made during the quarter totaled $371 million (1)(2)(3) Gross fundings for the quarter, excluding revolver fundings (3)(4) , totaled $288 million Net fundings, including revolvers (3)(4) , totaled $222 million for the quarter Closed the Mergers with Apollo Senior Floating Rate Fund Inc. (“AFT”) and Apollo Tactical Income Fund Inc. (“AIF”) (1) , acquiring investments totaling $596 million, of which $234 million were sold or repaid during the quarter Net leverage (5) was 1.16x as of September 30, 2024 On November 6, 2024, the Board of Directors (the “Board”) declared a dividend of $0.38 per share payable on December 26, 2024 to stockholders of record as of December 10, 2024 Amended and extended the senior secured, multi-currency, revolving credit facility (the “Facility”) in October 2024 (6) (the “Amended Senior Secured Facility”) NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) or the “Company,” today announced financial results for the quarter ended September 30, 2024. The Company's net investment income was $0.44 per share for the quarter ended September 30, 2024, compared to $0.45 per share for the quarter ended June 30, 2024. |
globenewswire.com |
2024-11-07 08:30:00 |
Czytaj oryginał (ang.) |
| These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income |
24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income. |
247wallst.com |
2024-11-05 13:20:07 |
Czytaj oryginał (ang.) |
| MidCap Financial Investment (MFIC) Reports Next Week: What Awaits? |
MidCap Financial (MFIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-31 13:05:45 |
Czytaj oryginał (ang.) |
| 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, revolving credit facility (the “Facility”). Lender commitments under the Facility total $1.660 billion, excluding non-extending lender commitments, an increase of $110 million. Lender commitments under the Facility total $1.815 billion, including $155 million of commitments from non-extending lenders which are set to terminate on December 22, 2024. The final maturity date under the Facility for extending lenders was extended from April 19, 2028, to October 17, 2029. The remaining material business terms of the Facility will remain substantially the same. |
globenewswire.com |
2024-10-18 12:40:00 |
Czytaj oryginał (ang.) |
| 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, prior to the opening of the Nasdaq Global Select Market on Thursday, November 7, 2024. |
globenewswire.com |
2024-10-02 20:01:00 |
Czytaj oryginał (ang.) |
| 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 merger with Apollo funds boosts MFIC's net assets by 44%, enhancing liquidity and positioning it for future growth despite potential short-term earnings impacts from interest rate cuts. MFIC's diverse portfolio, with 97% senior secured first lien investments, mitigates risk and supports a strong dividend coverage rate of 118.4%, ensuring distribution stability. |
seekingalpha.com |
2024-09-14 02:40:00 |
Czytaj oryginał (ang.) |
| Need $15,000 Extra Income? These Dividend Stocks May Be the Ticket |
24/7 Wall Street Insights The current high interest environment has fueled the growth of the private credit market from $875 billion to over $1 trillion in a short time, with a projected $2.8 trillion market by 2027-28. |
247wallst.com |
2024-08-23 10:45:38 |
Czytaj oryginał (ang.) |
| MidCap Financial (MFIC) Reports Q2 Earnings: What Key Metrics Have to Say |
While the top- and bottom-line numbers for MidCap Financial (MFIC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-08-08 00:36:14 |
Czytaj oryginał (ang.) |
| MidCap Financial Investment (MFIC) Q2 Earnings and Revenues Top Estimates |
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. |
zacks.com |
2024-08-07 22:55:37 |
Czytaj oryginał (ang.) |
| 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 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), totaled $90 million for the quarter Net leverage(3) was 1.45x as of June 30, 2024 On August 6, 2024, the Board of Directors (the “Board”) declared a dividend of $0.38 per share payable on September 26, 2024 to stockholders of record as of September 10, 2024 In June, KBRA affirmed MFIC's BBB- rating and revised the rating Outlook to Positive from Stable Closing of Previously Announced Mergers: On July 22, 2024 (the “Closing Date”), the Company closed its previously announced mergers (the “Mergers”) with Apollo Senior Floating Rate Fund Inc. (“AFT”) and Apollo Tactical Income Fund Inc. (“AIF”) which increased the Company's net assets by 43.7% to $1.45 billion and increased the size of the portfolio to $3.07 billion The Mergers resulted in a reduction in the Company's net leverage ratio to 1.13x as of the Closing Date, creating more investment capacity In connection with the Mergers, the Company issued 28,527,003 common shares increasing the Company's outstanding common shares to 93,780,278 As previously announced, in connection with the closing of the Mergers, on July 21, 2024, the Board declared a special distribution of $0.20 per share payable on August 15, 2024 to stockholders of record as of August 5, 2024 NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) or the “Company,” today announced financial results for its quarter ended June 30, 2024. The Company's net investment income was $0.45 per share for the quarter ended June 30, 2024, compared to $0.44 per share for the quarter ended March 31, 2024. |
globenewswire.com |
2024-08-07 20:01:00 |
Czytaj oryginał (ang.) |
| Why MidCap Financial (MFIC) is Poised to Beat Earnings Estimates Again |
MidCap Financial (MFIC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2024-07-31 17:11:14 |
Czytaj oryginał (ang.) |
| MidCap Financial (MFIC) Upgraded to Buy: Here's Why |
MidCap Financial (MFIC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
zacks.com |
2024-07-31 17:01:07 |
Czytaj oryginał (ang.) |
| MidCap Financial Investment (MFIC) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release |
MidCap Financial (MFIC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-07-31 15:06:06 |
Czytaj oryginał (ang.) |