MidCap Financial's Q1 results were weak but in line with peers, reflecting lower investment income and asset yields as SOFR rates declined. Management is actively repositioning the portfolio, notably reinvesting Merx proceeds at higher yields and refinancing debt to lower costs, supporting future earnings growth. Despite a slight earnings miss, the dividend remains very safe, with strong cash r...
MidCap Financial Investment Corporation (NASDAQ:MFIC ) Q1 2025 Earnings Conference Call May 13, 2025 8:30 AM ET Company Participants Elizabeth Besen - IR Manager Tanner Powell - CEO Ted McNulty - President Greg Hunt - CFO Howard Widra - Executive Chairman Conference Call Participants Mark Hughes - Truist Kenneth Lee - RBC Capital Markets Melissa Weddle - JPMorgan Paul Johnson - KBW Operator Goo...
Results for the Quarter Ended March 31, 2025 and Other Recent Highlights: Net investment income per share for the quarter was $0.37 Net asset value per share as of the end of the quarter was $14.93, compared to $14.98 as of December 31, 2024, a decrease of 0.3% New investment commitments made during the quarter totaled $376 million (1) Gross fundings, excluding revolver fundings (2) , totaled $...
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