MidCap Financial Investment Corporation (MFIC) Stock Price & Analysis
MidCap Financial Investment Corporation (MFIC) closed at USD 10.24 on Wednesday, October 28, 2026, down 0.19% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 10.26; the Oct 28, 2026 session ranged USD 10.2–10.32 on volume of 3,598,879 shares. Market capitalization is $843.50M, with a 52-week range of USD 8.11–12.5 (NMS). Source: Nexqual, retrieved October 29, 2026 at 07:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MFIC.md
Key facts (MFIC)
- Analysts: Buy (mean 2.43 on a 1–5 scale) (7 analysts), mean target USD 10.32 (range 9–12).
- Total return with dividends: 1Y -5.3% vs S&P 500 +13.6%; 5Y +39.1% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.36, revenue estimate $64.3M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MFIC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $112M | $82.4M | $119M | $98.8M | $63.2M | -$29.7M |
| Cash + short-term investments | $54.6M | $30.0M | $93.6M | $74.4M | $98.2M | — |
| Total debt | — | $1.55B | $1.75B | $1.75B | $2.00B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MFIC)
P/B 0.8x · Earnings yield -3.52% · Dividend yield (paid, TTM) 14.72% · Buyback yield (TTM) 14.32% · Net debt $1.70B · EV $2.54B
Analysts (MFIC)
Consensus Buy (mean 2.43 on a 1–5 scale), 7 analysts; mean target USD 10.32 (low 9, high 12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | Raymond James | Downgrade | Outperform → Market Perform | |
| 2026-08-12 | RBC Capital | Target lowered | Sector Perform | $11 → $10 |
| 2026-08-10 | Wells Fargo | Target lowered | Equal-Weight | $10.5 → $9 |
| 2026-08-07 | Truist Securities | Target lowered | Buy | $13 → $12 |
| 2026-07-02 | JP Morgan | Target lowered | Neutral | $10 → $9.5 |
Total return (dividends reinvested) (MFIC)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -5.3% | +39.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -5.3% | +6.8% |
| Volatility (annualized) | 32.1% | 24.3% |
| Max drawdown | -28.8% (May 2026→Oct 2026) | -30.1% (Jun 2024→Oct 2026) |
MFIC earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 27, 2026 | — | — | — | — | +22.5% |
| Aug 6, 2026 | Quarter ended Jun 30, 2026 | $0.40 | $0.36 | Beat +11.1% | +3.0% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.38 | $0.35 | Beat +8.6% | -3.1% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | $0.39 | $0.37 | Beat +5.4% | -11.4% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.38 | $0.38 | In line | -1.7% |
| Aug 11, 2025 | — | — | — | — | +3.7% |
| May 12, 2025 | — | — | — | — | +5.2% |
| Feb 25, 2025 | — | — | — | — | -5.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
MFIC recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 28, 2026 | 425 | Merger or acquisition communication |
| Oct 27, 2026 | 425 | Merger or acquisition communication |
| Oct 27, 2026 | 8-K | Entered a material agreement; Quarterly results; Regulation FD disclosure “Agreement and Plan of Merger On October 26, 2026, MidCap Financial Investment Corporation, a Maryland corporation (" MFIC "), entered into an Agreement and Plan of Merger (the " Merger Agreement ") with Ares Capital Corporation, a Maryland corporation (" ARCC "); Union Acquisition Sub Inc., a Maryland corporation and a direct wholly-owned subsidiary of ARCC (" Acquisition Sub 1 "); Union Acquisition Sub LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of ARCC (" Acquisition Sub 2 ");…” |
| Oct 27, 2026 | 425 | Merger or acquisition communication |
| Aug 6, 2026 | 8-K | Quarterly results |
| Aug 6, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
MFIC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Apollo Investment Management | “We are dependent upon Apollo Investment Management, L.P.'s key personnel for our future success and upon their access to Apollo Global Management, Inc's investment professionals and partners.” |
| Partner | Apollo Global Management, Inc. (APO) | “We are dependent upon Apollo Investment Management, L.P.'s key personnel for our future success and upon their access to Apollo Global Management, Inc's investment professionals and partners.” |
Quoted from the company's 10-K filed Feb 26, 2026.
MFIC company outlook (results filed Oct 27, 2026)
- “Under the terms of the Transaction, MFIC stockholders are expected to receive total consideration of $10.88 per fully diluted share of MFIC common stock, consisting of approximately $1.21 per share in cash, provided by a subsidiary of Ares Management, and approximately $9.67 per share in Ares Capital common stock, as adjusted for the cash received from MFIC's special dividend described below.”
- “MFIC's preliminary estimate of net asset value per share as of September 30, 2026, is approximately $12.86. 1 1 MFIC's final net asset value per share as of September 30, 2026, will be reported in MFIC's third quarter 2026 results, which MFIC expects to release on Thursday, November 5, 2026, and may differ from this preliminary estimate.”
- “At closing, the Transaction is expected to increase Ares Capital's pro forma portfolio to more than 800 portfolio companies and over $31 billion of investments at fair value as of September 30, 2026. Broader sponsor and market connectivity.”
- “MFIC's portfolio is expected to add more than 200 incumbent positions and further expand the number of sponsors Ares Capital has transacted with to more than 600.”
Quoted word-for-word from the SEC 8-K results press release.
MFIC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.36 | $0.33 | +8.9% | $64.3M | 8 |
| Next quarter (ends Dec 2026) | $0.36 | $0.32 | +11.8% | $62.6M | 8 |
| Current fiscal year (ends Dec 2026) | $1.49 | $1.39 | +7.1% | $266.9M | 8 |
| Next fiscal year (ends Dec 2027) | $1.25 | $1.24 | +1.4% | $239.8M | 8 |
MFIC options: expected move
Options price a move of about ±5.5% (±$0.56) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 30.4% | ±5.5% |
| Dec 18, 2026 | 51 | 17.4% | ±7.0% |
| Mar 19, 2027 | 142 | 32.1% | ±18.4% |
30-day implied volatility 17.7% vs 63% realized over the last 30 trading days. Put/call ratio (volume) 0.35. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 07:27 UTC)
| Price | USD 10.24 |
|---|---|
| Change | ▼ 0.19% (down) |
| Previous Close | USD 10.26 |
| Open | USD 10.25 |
| Day Range | USD 10.2 – 10.32 |
| 52-Week Range | USD 8.11 – 12.5 |
| Volume | 3,598,879 shares |
| Market Cap | $843.50M |
| Exchange | NMS |
Technical Analysis (MFIC)
Nexqual's technical model rates MFIC "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 29, 2026 at 07:27 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 78.08 (overbought) |
| vs SMA50 | Above (USD 9.03) |
| MACD | 0.1 (positive) |
Analyst Ratings (MFIC)
Wall Street analysts rate MFIC "Buy" based on 7 analysts, with a mean price target of USD 10.32 (range USD 9–12), per Nexqual as of October 29, 2026 at 07:27 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 10.32 |
| High Target | USD 12 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 3 / 4 / 0 |
Earnings (MFIC)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.36 |
| Revenue Estimate | $64.33M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.4 vs est 0.36 ▲ beat |
| 2026-03-31 | USD 0.38 vs est 0.35 ▲ beat |
| 2025-12-31 | USD 0.39 vs est 0.37 ▲ beat |
| 2025-09-30 | USD 0.38 vs est 0.38 ▲ beat |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Financials & Fundamentals (MFIC)
| Total Revenue | $300.98M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -16.00% |
| Gross Margin | +100.00% |
| Operating Margin | +87.71% |
| Profit Margin | -9.85% |
| ROE | -2.39% |
| Debt / Equity | 1.58 |
| Current Ratio | 0.48 |
| Total Cash | $43.35M |
| Total Debt | $1.74B |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Financial Health Score (MFIC)
Nexqual rates MidCap Financial Investment Corporation's overall financial health "Weak" across five dimensions, as of October 29, 2026 at 07:27 UTC.
| Growth | Solid — Revenue +6% YoY (annual) |
|---|---|
| Profitability | Strong — Operating margin 88% |
| Balance Sheet | Critical — $43M cash and investments vs $1.74B debt (Jun 2026, SEC) |
| Cash Flow | Weak — Operating cash flow -$50M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -3%, ROA -1.0% (last 4 quarters, SEC) |
Ownership (MFIC)
| Insider Ownership | +0.91% |
|---|---|
| Institutional Ownership | +40.51% |
| Shares Outstanding | 82.37M |
| Short % of Float | +3.46% |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
Leadership (MFIC)
MidCap Financial Investment Corporation is led by Tanner Powell, CEO & Executive Chairman, per Nexqual as of October 29, 2026 at 07:27 UTC.
| CEO & Executive Chairman | Tanner Powell |
|---|---|
| President & Chief Investment Officer for Apollo Investment Management | Ted McNulty |
| CFO & Treasurer | Kenneth Seifert |
| Managing Director | Justin Sendak |
| Managing Director | Daniel L. Vogel |
Major Backers & Investors (MFIC)
Notable institutional backers of MidCap Financial Investment Corporation include Thornburg Investment Management Inc., Apollo Management Holdings, L.P., Van Eck Associates Corporation, according to Nexqual as of October 29, 2026 at 07:27 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Thornburg Investment Management Inc. | 3.93% |
| Apollo Management Holdings, L.P. | 2.85% |
| Van Eck Associates Corporation | 2.56% |
| Soros Fund Management LLC | 2.36% |
| UBS Group AG | 2.34% |
| Next Capital Management, LLC | 2.31% |
| Morgan Stanley | 1.86% |
| VanEck ETF Trust-VanEck BDC Income ETF | 1.79% |
Source: Nexqual, October 29, 2026 at 07:27 UTC.
From MidCap Financial Investment Corporation's Latest SEC 10-K Filing (filed 2026-02-26)
Partnerships
- Further, the Investment Adviser has adopted policies and procedures (the "Adviser Allocation Policy") describing the allocation of investment opportunities in which we will have the opportunity to participate with one or more Apollo-managed BDCs, including the Company (the "Apollo BDCs"), certain Apollo-managed registered investment companies (the "Apollo RICs" and, together with the Apollo BDCs, the "Apollo Regulated Funds") and other public or private Apollo funds that target similar assets.
- On January 16, 2019, we entered into a fee offset agreement with AIM in connection with revenue realized by AIM and its affiliates for the management of certain aircraft assets.
Legal & Regulatory Risks (Item 1A, quoted)
- Trade negotiations and related government actions may create regulatory uncertainty for our portfolio companies and our investment strategies and adversely affect the profitability of our portfolio companies.
- Changes in the laws or regulations governing our business or the businesses of our portfolio companies and any failure by us or our portfolio companies to comply with these laws or regulations, could negatively affect the profitability of our operations or of our portfolio companies.
- The effects of various environmental regulations may negatively affect the aviation industry and some of our portfolio companies.
- Changes in existing laws or regulations, the interpretations thereof or newly enacted laws or regulations may negatively impact our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.2 | ▲ 0.39% |
| PDI | PIMCO Dynamic Income Fund | USD 14.1 | ▲ 0.21% |
| VCTR | Victory Capital Holdings, Inc. | USD 111.87 | ▲ 1.12% |
| AMG | Affiliated Managers Group, Inc. | USD 393.24 | ▲ 0.32% |
| SEIC | SEI Investments Company | USD 103.2 | ▲ 0.31% |
| IVZ | Invesco Ltd | USD 28.68 | ▲ 0.88% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:27 UTC. This page is informational and not investment advice.
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