MidCap Financial Q1 NAV per share falls 2.5% sequentially

Midcap Financial Investment

06/05/2026 22:14

Overview

U.S. business development company's Q1 NAV per share fell 2.5% sequentially to $13.82

Net investment income per share was $0.38, down from $0.39 in prior quarter

Company repurchased 7.1 mln shares for $76 mln, generating $0.24 per share NAV accretion

Outlook

Company declared a quarterly dividend of $0.31 per share, payable June 25, 2026

Result Drivers

PORTFOLIO LOSSES - Co said NAV per share declined due to unrealized losses from broader credit spread widening and credit weakness in certain positions

SHARE REPURCHASES - Co said accretive share buybacks below NAV partially offset NAV decline

CAPITAL ALLOCATION SHIFT - Co prioritized stock repurchases over new investments due to stock's discount to NAV, per CEO Tanner Powell

Company press release: ID:nGNX6FCmc5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.30
Q1 Dividend
$0.31
Q1 Net Asset Value Per Share
$13.82


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for MidCap Financial Investment Corp is $11.50, about 6% below its May 5 closing price of $12.23

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)