Symbols / MFIC $11.51 -0.17% MidCap Financial Investment Corporation

Financial Services • Asset Management • United States • NMS
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About

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is 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 secured loans, stretch senior loans, unitranche loans, second lien secured loans and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products. It prefers to invest in preferred equity, common equity / interests and warrants and makes equity co-investments. It may invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded. It also focuses on other investments such as collateralized loan obligations (“CLOs”) and credit-linked notes (“CLNs”). The fund typically invests in construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products/goods durable and non-durable and customer services, direct marketing, energy – oil & gas, electricity and utilities. The fund also invest in aerospace & defense, wholesale, telecommunications, financial services, hotel, gaming, leisure, restaurants; environmental industries, healthcare and pharmaceuticals, high tech industries, beverages, food and tobacco, manufacturing, media – diversified & production, printing and publishing, retail, automation, aviation and consumer transport, transportation, cargo and distribution. It primarily invests in United States. It primarily invests between $20 million and $250 million in its portfolio companies and EBITDA with less than $75 million. The fund seeks to make investments with stated maturities of five to 10 years.

Fundamentals
Scroll to Statements
Market Cap 1.07B Enterprise Value 2.96B Income 63.17M Sales 320.88M Book/sh 14.18 Cash/sh 1.08
Dividend Yield 10.75% Payout 223.53% Employees — IPO — P/E 16.93 Forward P/E 8.85
PEG 3.12 P/S 3.35 P/B 0.81 P/C — EV/EBITDA — EV/Sales 9.22
Quick Ratio 0.91 Current Ratio 0.92 Debt/Eq 152.62 LT Debt/Eq — EPS (ttm) 0.68 EPS next Y 1.30
EPS Growth — Revenue Growth -4.60% Earnings 2026-05-06 ROA 5.16% ROE 4.66% ROIC —
Gross Margin 100.00% Oper. Margin 85.51% Profit Margin 19.69% Shs Outstand 92.21M Shs Float — Short Float 3.05%
Short Ratio 2.91 Short Interest — 52W High 13.51 52W Low 9.48 Beta 0.71 Avg Volume 1.15M
Volume 531.07K Target Price $11.12 Recom Hold Prev Close $11.53 Price $11.51 Change -0.17%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.13
Mean price target
2. Current target
$11.51
Latest analyst target
3. DCF / Fair value
$25.60
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.51
Low
$9.50
High
$13.00
Mean
$11.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-13 main JP Morgan Neutral → Neutral $10
2026-03-10 main Keefe, Bruyette & Woods Market Perform → Market Perform $12
2026-03-05 main RBC Capital Sector Perform → Sector Perform $11
2026-03-04 main Truist Securities Buy → Buy $13
2026-03-02 main Wells Fargo Equal-Weight → Equal-Weight $10
2026-01-07 down Wells Fargo Overweight → Equal-Weight $11
2025-11-10 main JP Morgan Neutral → Neutral $12
2025-11-10 main Keefe, Bruyette & Woods Market Perform → Market Perform $13
2025-11-10 down Compass Point Buy → Neutral $12
2025-10-01 main JP Morgan Neutral → Neutral $12
2025-08-25 reit RBC Capital Sector Perform → Sector Perform $13
2025-05-14 main Truist Securities Buy → Buy $15
2025-04-28 main Wells Fargo Overweight → Overweight $13
2025-04-24 main JP Morgan Neutral → Neutral $12
2025-04-08 main Keefe, Bruyette & Woods Outperform → Outperform $15
2025-02-27 main Wells Fargo Overweight → Overweight $14
2025-01-29 main Wells Fargo Overweight → Overweight $15
2024-11-19 reit RBC Capital Sector Perform → Sector Perform $14
2024-10-29 main Wells Fargo Overweight → Overweight $14
2024-08-09 main Wells Fargo Overweight → Overweight $15
News
RSS: Latest MFIC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-03-11 WIDRA HOWARD T Director — 50,000 $12.40 $619,990
2025-03-11 PEARLMAN EMANUEL R Director — 800 $12.52 $10,015
2025-03-10 PEARLMAN EMANUEL R Director — 1,000 $13.09 $13,090
2024-08-12 PEARLMAN EMANUEL R Director — 1,000 $12.98 $12,980
2024-07-22 STEIN ELLIOT H JR. Director — 1,234 $0.00 $0
2024-07-22 STEIN ELLIOT H JR. Director — 1,234 $0.00 $0
2024-07-22 POWELL TANNER Chief Executive Officer — 7,351 $0.00 $0
2024-07-22 MCNULTY TED AYMOND JR. President — 15,189 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-03-31
Total Revenue
78.04
-29.28%
110.35
-17.13%
133.15
+37.67%
96.72
Operating Revenue
78.04
-29.28%
110.35
-17.13%
133.15
+37.67%
96.72
Operating Expense
14.87
+28.98%
11.53
-19.90%
14.39
+0.28%
14.35
Selling General And Administration
12.94
+5.22%
12.30
-23.01%
15.97
+6.89%
14.94
General And Administrative Expense
12.94
+5.22%
12.30
-23.01%
15.97
+6.89%
14.94
Other Operating Expenses
1.93
+350.85%
-0.77
+51.33%
-1.58
-167.80%
-0.59
Net Income
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Pretax Income
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Net Interest Income
190.89
+5.57%
180.81
+8.32%
166.93
+11.91%
149.17
Interest Expense
127.08
+9.59%
115.96
+11.29%
104.20
+89.38%
55.02
Interest Income
317.97
+7.14%
296.77
+9.46%
271.13
+32.78%
204.19
Gain On Sale Of Security
-46.49
+39.18%
-76.43
-58441.98%
0.13
+100.21%
-61.78
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Net Income From Continuing Operation Net Minority Interest
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Net Income From Continuing And Discontinued Operation
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Net Income Continuous Operations
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Normalized Income
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Net Income Common Stockholders
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Diluted EPS
0.68
-46.46%
1.27
-30.22%
1.82
+42.19%
1.28
Basic EPS
0.68
-46.46%
1.27
-30.22%
1.82
+42.19%
1.28
Basic Average Shares
92.90
+19.39%
77.81
+19.10%
65.33
+1.53%
64.35
Diluted Average Shares
92.90
+19.39%
77.81
+19.10%
65.33
+1.53%
64.35
Diluted NI Availto Com Stockholders
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-03-31
Total Assets
3,323.64
+4.16%
3,190.95
+27.57%
2,501.33
-3.80%
2,600.12
Cash And Cash Equivalents
99.45
+31.22%
75.79
-37.95%
122.13
+299.14%
30.60
Cash Equivalents
99.45
+31.22%
75.79
-37.95%
122.13
+299.14%
30.60
Cash Financial
—
—
—
0.56
Receivables
30.56
-60.41%
77.19
+201.96%
25.56
-10.70%
28.63
Prepaid Assets
—
—
0.01
-99.30%
0.72
Investments And Advances
3,167.84
+5.09%
3,014.42
+29.14%
2,334.20
-7.49%
2,523.17
Total Liabilities Net Minority Interest
2,016.38
+12.88%
1,786.30
+19.40%
1,496.02
-6.22%
1,595.29
Payables
19.46
-31.93%
28.59
+13.33%
25.22
-30.25%
36.16
Accounts Payable
13.43
-21.04%
17.00
+17.31%
14.49
-44.78%
26.25
Other Payable
6.03
-47.91%
11.58
+7.96%
10.73
+8.24%
9.91
Long Term Debt And Capital Lease Obligation
1,995.21
+13.91%
1,751.62
+19.79%
1,462.27
-5.70%
1,550.61
Stockholders Equity
1,307.26
-6.93%
1,404.65
+39.72%
1,005.31
+0.05%
1,004.83
Common Stock Equity
1,307.26
-6.93%
1,404.65
+39.72%
1,005.31
+0.05%
1,004.83
Capital Stock
0.09
-2.13%
0.09
+44.62%
0.07
+4.84%
0.06
Common Stock
0.09
-2.13%
0.09
+44.62%
0.07
+4.84%
0.06
Share Issued
92.21
-1.67%
93.78
+43.72%
65.25
+2.52%
63.65
Ordinary Shares Number
92.21
-1.67%
93.78
+43.72%
65.25
+2.52%
63.65
Additional Paid In Capital
2,652.89
-0.20%
2,658.09
+26.35%
2,103.72
+1.20%
2,078.76
Retained Earnings
-1,345.72
-7.35%
-1,253.54
-14.12%
-1,098.47
-2.28%
-1,073.99
Total Equity Gross Minority Interest
1,307.26
-6.93%
1,404.65
+39.72%
1,005.31
+0.05%
1,004.83
Total Capitalization
3,302.47
+4.63%
3,156.27
+27.91%
2,467.58
-3.44%
2,555.44
Invested Capital
3,302.47
+4.63%
3,156.27
+27.91%
2,467.58
-3.44%
2,555.44
Total Debt
1,995.21
+13.91%
1,751.62
+19.79%
1,462.27
-5.70%
1,550.61
Net Debt
1,895.76
+13.12%
1,675.84
+25.05%
1,340.14
-11.83%
1,520.01
Net Tangible Assets
1,307.26
-6.93%
1,404.65
+39.72%
1,005.31
+0.05%
1,004.83
Tangible Book Value
1,307.26
-6.93%
1,404.65
+39.72%
1,005.31
+0.05%
1,004.83
Cash Cash Equivalents And Federal Funds Sold
99.45
+31.22%
75.79
-37.95%
122.13
+299.14%
30.60
Financial Assets Designatedas Fair Value Through Profitor Loss Total
3,167.84
+5.09%
3,014.42
+29.14%
2,334.20
-7.49%
2,523.17
Investmentin Financial Assets
3,167.84
+5.09%
3,014.42
+29.14%
2,334.20
-7.49%
2,523.17
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-03-31
Operating Cash Flow
-49.75
-421.88%
-9.53
-104.85%
196.38
+7435.86%
-2.68
Net Income From Continuing Operations
63.17
-36.08%
98.82
-16.79%
118.76
+44.19%
82.36
Other Non Cash Items
-20.02
-192.13%
-6.85
-41.04%
-4.86
+39.89%
-8.08
Gain Loss On Investment Securities
-76.54
+31.87%
-112.33
-244.95%
77.50
+210.19%
-70.33
Net Foreign Currency Exchange Gain Loss
—
-0.59
-957.97%
0.07
+101.24%
-5.58
Change In Working Capital
-16.36
-250.96%
10.84
+117.48%
4.98
+575.48%
-1.05
Change In Receivables
-4.31
-255.54%
2.77
+462.70%
-0.76
+79.40%
-3.71
Change In Prepaid Assets
-2.17
-113.48%
16.10
+798.60%
1.79
+853.19%
0.19
Change In Accrued Expense
0.17
+110.52%
-1.60
-275.69%
0.91
+782.52%
0.10
Change In Payable
-5.50
-564.45%
-0.83
-131.60%
2.62
+5.31%
2.48
Change In Other Current Liabilities
-4.55
+18.92%
-5.61
-1408.39%
0.43
+473.04%
-0.12
Financing Cash Flow
73.37
+299.59%
-36.76
+77.22%
-161.36
-656.46%
-21.33
Net Issuance Payments Of Debt
239.03
+113.91%
111.74
+552.59%
-24.69
-126.42%
93.44
Issuance Of Debt
2,119.68
+375.14%
446.12
-29.25%
630.60
+27.47%
494.69
Repayment Of Debt
-1,880.65
-462.44%
-334.37
+48.97%
-655.28
-63.31%
-401.25
Long Term Debt Issuance
2,119.68
+375.14%
446.12
-29.25%
630.60
+27.47%
494.69
Long Term Debt Payments
-1,880.65
-462.44%
-334.37
+48.97%
-655.28
-63.31%
-401.25
Net Long Term Debt Issuance
239.03
+113.91%
111.74
+552.59%
-24.69
-126.42%
93.44
Net Common Stock Issuance
-18.97
0.00
+100.00%
-2.30
+89.11%
-21.10
Common Stock Payments
-18.97
0.00
+100.00%
-2.30
+89.11%
-21.10
Common Stock Dividend Paid
-141.59
-1.41%
-139.62
-13.08%
-123.48
-32.28%
-93.34
Cash Dividends Paid
-141.59
-1.41%
-139.62
-13.08%
-123.48
-32.28%
-93.34
Repurchase Of Capital Stock
-18.97
0.00
+100.00%
-2.30
+89.11%
-21.10
Net Other Financing Charges
0.00
0.00
0.00
0.00
Changes In Cash
23.63
+151.03%
-46.29
-232.19%
35.02
+245.87%
-24.01
Effect Of Exchange Rate Changes
0.04
+175.00%
-0.05
-400.00%
0.02
+188.89%
-0.02
Beginning Cash Position
75.79
-37.95%
122.13
+40.23%
87.09
+59.44%
54.62
End Cash Position
99.45
+31.22%
75.79
-37.95%
122.13
+299.14%
30.60
Free Cash Flow
-49.75
-421.88%
-9.53
-104.85%
196.38
+7435.86%
-2.68
Common Stock Issuance
—
0.00
0.00
0.00
Issuance Of Capital Stock
—
0.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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