NASDAQ$MFIC

MidCap Financial Investment Co · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

MidCap Financial Investment Corporation reported financial results for the quarter ended June 30, 2023.

MidCap Financial Investment Corporation reported a net investment income of $0.44 per share and a net asset value of $15.20 per share for the quarter ended June 30, 2023. The company's net investment income per share exceeded the quarterly distribution by approximately 16%.

  • Net investment income per share was $0.44, compared to $0.45 for the quarter ended March 31, 2023.
  • Net asset value per share as of the end of the quarter was $15.20, compared to $15.18 as of March 31, 2023.
  • New investment commitments made during the quarter totaled $79 million.
  • Repurchased 198,084 shares of common stock at a weighted average price per share of $11.60, inclusive of commissions, for an aggregate cost of $2.3 million during the quarter.

Headline financials

Total Revenue

$28.5M

Previous: $27.3M+4.7%
EPS (adj)

$0.44

Previous: $0.27+61.3%
Net Leverage Ratio

1.45

No prior period
Free Cash Flow

$25.5M

Previous: $30.1M-15.4%
Net Income

$25.5M

Previous: $30.1M-15.4%
Operating Income

-$11.6M

Previous: -$11.6M+0.6%
Gross Profit

$28.4M

Previous: $27.3M+4.1%
Cash & Equivalents

$49.6M

Previous: $69.7M-28.8%
Total Assets

$2.45B

Previous: $2.49B-1.8%

Revenue & EPS history

MidCap Financial · Revenue · Quarterly

$28.5M

Q1 2024+4.7%vs Q1 2023
Beat estimate in 1 of 11 quarters(9%)
ActualEstimate

Forward guidance

The company did not provide any forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+1.9%

Avg return

30 days after

48%

27 / 56 earnings

Positive

+10.0%

Q4 2012

Best reaction

-11.2%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-7.8%+1.2%+2.5%
Q1 2026+3.5%+2.0%-0.3%
Q3 2025-3.5%-4.1%-8.5%
Q1 2025-0.8%-0.5%+5.8%
Q3 2024-1.2%+3.3%+4.6%
Q2 2024-0.7%-2.0%+2.3%
Q1 2024-0.1%+2.4%+0.1%
Q4 2023-0.1%+0.7%+6.4%
Q4 2021-2.3%+1.6%-13.7%
Q3 2022-2.3%+1.6%-13.7%
Q4 2022-2.3%+1.6%-13.7%
Q3 2023-2.3%+1.6%-13.7%
Q1 2023+0.0%+3.1%+7.5%
Q2 2023+0.5%+9.5%+11.8%
Q2 2022+0.5%+9.5%+11.8%
Q1 2022+1.4%+1.3%+2.1%
Q3 2021+6.1%+4.5%+9.6%
Q2 2021+7.8%+20.5%+45.4%
Q1 2021-2.6%-0.1%-10.2%
Q4 2020+3.6%+8.6%+10.5%
Q3 2020-0.3%-2.0%-9.9%
Q2 2020+4.4%+2.5%+6.1%
Q1 2020+1.6%+2.1%+3.5%
Q4 2019+1.1%+1.5%+3.8%
Q3 2019-1.7%-0.5%-0.3%
Q2 2019+3.6%+5.0%+6.2%
Q1 2019-1.9%-2.4%-7.0%
Q4 2018-1.6%+1.6%+1.4%
Q3 2018+0.7%-0.9%-0.9%
Q2 2018+3.2%+5.1%+0.7%
Q1 2018+1.1%-0.2%-4.9%
Q4 2017-1.7%+0.2%+1.4%
Q3 2017-1.7%+1.7%+7.3%
Q2 2017+4.5%+2.8%+4.8%
Q1 2017-2.5%+1.2%+6.7%
Q4 2016-8.3%
Q3 2016-6.2%
Q2 2016+7.5%
Q1 2016-0.4%
Q4 2015+0.8%
Q3 2015+3.8%
Q2 2015+2.0%
Q1 2015+2.3%
Q4 2014+1.4%
Q3 2014+1.9%
Q2 2014+2.4%
Q1 2014+1.8%
Q4 2013+0.5%
Q3 2013-8.7%
Q2 2013-1.3%
Q1 2013-3.4%
Q4 2012+10.0%
Q3 2011-11.2%
Q2 2011+1.4%
Q1 2011-7.1%
Q4 2011-2.4%

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