MidCap Financial Q4 NAV falls 3.3% qtr/qtr, announces new buyback

Midcap Financial Investment

26/02/2026 21:36

Overview

Investment firm's Q4 net investment income per share rose marginally qtr/qtr to $0.39

Company's NAV per share fell 3.3% qtr/qtr due to earlier investments

Company authorized a new $100 mln stock repurchase plan

Outlook

Company sees stock repurchases as more accretive than new investments

Company did not provide specific financial guidance for future quarters or year

Result Drivers

INVESTMENT PERFORMANCE - NAV per share declined 3.3% due to underperforming investments from 2022 and earlier

STOCK REPURCHASE - Repurchased 1,091,753 shares at a discount, generating $0.03 per share of NAV accretion

Company press release: ID:nGNX6wr8vw

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Dividend
$0.31


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 $12.63, about 15.5% above its February 25 closing price of $10.93

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

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(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.)