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MFIC 
MidCap Financial Investment Corporation (MFIC)
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Upturn Advisory Summary
12/24/2025: MFIC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $12.91
1 Year Target Price $12.91
| 4 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -0.55% | Avg. Invested days 40 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/24/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.07B USD | Price to earnings Ratio 10.89 | 1Y Target Price 12.91 |
Price to earnings Ratio 10.89 | 1Y Target Price 12.91 | ||
Volume (30-day avg) 9 | Beta 0.77 | 52 Weeks Range 9.29 - 13.07 | Updated Date 12/25/2025 |
52 Weeks Range 9.29 - 13.07 | Updated Date 12/25/2025 | ||
Dividends yield (FY) 13.35% | Basic EPS (TTM) 1.05 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 30.79% | Operating Margin (TTM) 82.77% |
Management Effectiveness
Return on Assets (TTM) 5.17% | Return on Equity (TTM) 7.18% |
Valuation
Trailing PE 10.89 | Forward PE 7.97 | Enterprise Value 2915075328 | Price to Sales(TTM) 3.28 |
Enterprise Value 2915075328 | Price to Sales(TTM) 3.28 | ||
Enterprise Value to Revenue 27.4 | Enterprise Value to EBITDA - | Shares Outstanding 93303622 | Shares Floating - |
Shares Outstanding 93303622 | Shares Floating - | ||
Percent Insiders 0.8 | Percent Institutions 33.24 |
Upturn AI SWOT
MidCap Financial Investment Corporation
Company Overview
History and Background
MidCap Financial Investment Corporation is a relatively young entity, established in recent years to focus on providing flexible, senior secured debt financing to middle-market companies. It operates as a business development company (BDC). Its evolution is closely tied to the strategic direction and investment focus of its management team and its primary client base within the middle market.
Core Business Areas
- Direct Lending: Providing senior secured loans, unitranche facilities, and mezzanine debt to middle-market companies. This includes origination, underwriting, and ongoing portfolio management of these credit investments.
- Strategic Investments: Potentially making opportunistic investments in various credit instruments or companies that align with its investment strategy, though its primary focus remains direct lending.
Leadership and Structure
MidCap Financial Investment Corporation is managed by an experienced team of investment professionals with expertise in middle-market credit. The company is structured as a BDC, which is a type of publicly traded investment company that invests in small and mid-sized businesses. Its governance includes a Board of Directors overseeing its operations and investment strategy.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: These are loans that are collateralized by specific assets of the borrower, offering lenders a primary claim in case of default. MidCap aims to be a lead or co-lead lender in these transactions. Competitors include other BDCs, private credit funds, and traditional commercial banks active in the middle market. Specific market share data for this niche is not publicly disclosed for MidCap.
- Unitranche Facilities: A blended loan facility that combines senior and subordinated debt into a single loan instrument, simplifying the capital structure for borrowers. Competitors are similar to senior secured loans. Specific market share data is not publicly disclosed for MidCap.
- Mezzanine Debt: Subordinated debt that ranks below senior debt but above equity. It often includes an equity component, such as warrants. Competitors are similar to senior secured loans. Specific market share data is not publicly disclosed for MidCap.
Market Dynamics
Industry Overview
The middle-market lending space is characterized by a growing demand for flexible and efficient financing solutions from companies that are too large for traditional bank loans but too small for the public debt markets. The industry is competitive, with a mix of BDCs, private credit funds, and traditional lenders vying for deal flow. Interest rate environments and economic conditions significantly influence this sector.
Positioning
MidCap Financial Investment Corporation positions itself as a flexible and responsive provider of senior secured debt to the middle market. Its competitive advantages likely stem from the experience of its management team, its ability to execute transactions quickly, and its focus on building long-term relationships with its borrowers. However, as a newer entity, it may face challenges in establishing broad brand recognition and competing with more established players.
Total Addressable Market (TAM)
The total addressable market for middle-market lending is substantial, estimated in the hundreds of billions of dollars annually. MidCap Financial Investment Corporation, as a specific player within this market, targets a segment of this TAM through its direct lending activities. Its positioning is that of a specialized provider focused on a particular segment of this large market.
Upturn SWOT Analysis
Strengths
- Experienced management team with deep middle-market credit expertise.
- Focus on senior secured debt provides a degree of capital preservation.
- Ability to offer flexible and tailored financing solutions.
- Potential for attractive yields in a higher interest rate environment.
Weaknesses
- As a relatively new entity, it may have less brand recognition and a shorter track record compared to established BDCs.
- Dependence on its management team's expertise for deal origination and underwriting.
- Sensitivity to economic downturns which can impact middle-market borrowers.
- Limited diversification across multiple asset classes compared to larger, more established investment firms.
Opportunities
- Continued demand for middle-market debt financing due to limited traditional bank lending.
- Potential for growth through strategic partnerships and expanded distribution channels.
- Ability to capitalize on distressed opportunities in the market if economic conditions worsen.
- Expansion of product offerings or geographic reach.
Threats
- Increasing competition in the direct lending space from other BDCs and private credit funds.
- Rising interest rates could increase borrowing costs for its portfolio companies and potentially lead to defaults.
- Regulatory changes impacting BDCs or the lending industry.
- Macroeconomic downturns leading to increased credit risk and lower deal volumes.
Competitors and Market Share
Key Competitors
- Golub Capital BDC, Inc. (GBDC)
- Apollo Investment Corporation (AINV)
- Hercules Technology Growth Capital, Inc. (HTGC)
Competitive Landscape
MidCap Financial Investment Corporation competes in a crowded market. Its advantages lie in its specialized focus and potentially greater flexibility compared to larger, more institutional lenders. However, it may lack the scale, established track record, and broad investor base of some of its larger competitors. Differentiation will be key.
Growth Trajectory and Initiatives
Historical Growth: The historical growth of MidCap Financial Investment Corporation would be measured by the expansion of its investment portfolio, the number of deals closed, and its total assets under management. As a newer player, its growth is likely focused on establishing its market presence and deploying capital effectively.
Future Projections: Future projections would depend on analyst estimates, the company's stated growth strategies, and the overall health of the middle-market economy. Key drivers would include deal origination, successful credit underwriting, and effective portfolio management.
Recent Initiatives: Recent initiatives would likely focus on increasing deal flow, expanding its origination network, and potentially seeking new capital sources to support portfolio growth. Specific initiatives are best found in company press releases and investor presentations.
Summary
MidCap Financial Investment Corporation is a specialized lender focused on middle-market debt. Its strengths lie in its experienced team and flexible financing options, which are valuable in a market with consistent demand. However, its relatively recent establishment means it faces intense competition and the inherent risks of credit investing, particularly during economic downturns. Continued focus on deal origination and prudent risk management will be crucial for its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company investor relations materials (where available)
- Industry analysis reports
- Financial data aggregators (e.g., Bloomberg, Refinitiv - for general industry trends and competitor data, not specific MidCap data unless publicly filed)
Disclaimers:
This information is for illustrative purposes and is based on general industry knowledge and typical BDC operations. Specific financial data, market share, and detailed operational information for MidCap Financial Investment Corporation may not be publicly available or may require access to proprietary financial databases. This analysis does not constitute investment advice. Investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MidCap Financial Investment Corporation
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2004-05-05 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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
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