Midcap Financial Investment Corp entered a material agreement; reported results; made a public disclosure
SEC 8-KRead source ↗
Midcap Financial Investment Corp is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$11
Forward price-to-earnings vs peers
Base case. Range ~$9.5–$15. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Midcap Financial Investment Corp valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds73 adding, 85 cuttingOf 17 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 10% in the quarter to 2026-06-30, the 4th beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
Things to watch
- Earnings expected to fall. The consensus expects earnings per share to fall 16% next year.
Latest results
- Earnings per share
- $0.40 against an average estimate of $0.36: beat by 10.2%
- Share reaction
- +22.5% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate $0.36
Price chart
- 1 day-0.7%
- 1 week+23.1%
- 1 month+19.4%
- This year-1.3%
- 1 year-4.0%
- 5 years+40.9%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- October 27, 2026
- Next results (est.)
- January 25, 2027
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
- Results
Midcap Financial Investment Corp reported results
SEC 8-KRead source ↗
Valuation models
We value Midcap Financial Investment Corp as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$11 ~$9.5–$15 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$11 ~$9.5–$15 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Midcap Financial Investment Corp with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, before the open. Analysts expect revenue of $64m and EPS of $0.36 (range $0.32 to $0.39) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.49 | −2% | $267m | −17% |
| Next | $1.25 | −16% | $240m | −10% |
Next year's EPS estimate has moved +1.4% in 90 days, across 8 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +7.1% on 90 days ago. In the last 30 days, 8 analysts raised Midcap Financial Investment Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.39 | $1.24 |
| 60 days ago | $1.49 | $1.25 |
| 30 days ago | $1.49 | $1.25 |
| 7 days ago | $1.49 | $1.25 |
| Now | $1.49 | $1.25 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.36 | $0.40 | +10.2% |
| Mar 2026 | $0.35 | $0.38 | +7.8% |
| Dec 2025 | $0.37 | $0.39 | +5.9% |
| Sept 2025 | $0.38 | $0.38 | +0.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 3.5% of tradable shares
- Days to cover
- 4.71 at average volume
- Short interest, 1 month
- +4% to October 15, 2026
- Held by institutions
- 40% of shares
- Held by insiders
- 0.9% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| MFIC | +34% | +0% | +36% | +11% | −4% | −1% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| MFIC | 58% | 58% | 67% | 50% | 42% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| MFIC | −14% | −23% | −14% | −17% | −27% | −29% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 68% from December 17, 2019 to April 3, 2020. Getting back needed a 210% gain, reached on April 29, 2021, 391 days after the low.
Price behaviour
- 52-week range
- $8.18 – $11.49
- From 52-week high
- −10.4%
- vs 50-day average
- +14.4%
- vs 200-day average
- +5.2%
- Volatility (1 year)
- 33%
- Beta vs S&P 500
- 0.61
Share price after results
- Next day
- 6 up, 6 down typical move ±5.1%
- After a week
- 7 up, 4 down typical move ±4.0%
- After a month
- 8 up, 3 down typical move ±5.1%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 27, 2026 | +22.5% | +0.9% | — | — |
| August 6, 2026 | +3.0% | +0.5% | +3.9% | +1.5% |
| May 6, 2026 | −3.1% | +1.1% | −10.0% | −14.3% |
| February 26, 2026 | −11.4% | −1.0% | −3.5% | +1.8% |
| November 6, 2025 | −1.7% | −1.0% | −2.7% | −0.7% |
| August 11, 2025 | +3.7% | +0.9% | +3.2% | +2.2% |
| May 12, 2025 | +5.2% | +4.0% | +5.9% | +7.3% |
| February 25, 2025 | −5.2% | −0.4% | −7.2% | −6.8% |
| November 7, 2024 | −0.1% | +1.2% | +1.0% | +3.9% |
| August 7, 2024 | +1.6% | +1.6% | +1.5% | +5.8% |
| May 7, 2024 | −1.0% | +0.1% | +2.1% | +4.7% |
| February 26, 2024 | +2.9% | −0.2% | +3.3% | +7.1% |
Fundamentals
Who owns it
Funds buying and selling- Reported value
- $320M
- Institutions reporting
- 166
- Shares held vs prior quarter
- ▼ 0.1%
- Positions opened / closed
- 21 / 26
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Thornburg Investment Management Inc | $32.6M | 3.2M | 10.2% | 0.0% |
| Apollo Management Holdings, L.P. | $23.7M | 2.3M | 7.4% | 0.0% |
| Van Eck Associates Corp | $21.2M | 2.1M | 6.6% | ▲ 16.2% |
| Soros Fund Management LLC | $19.6M | 1.9M | 6.1% | 0.0% |
| UBS Group AG | $19.5M | 1.9M | 6.1% | ▲ 6.1% |
| Next Capital Management LLC | $19.1M | 1.9M | 6.0% | ▲ 1.5% |
| Morgan Stanley | $15.4M | 1.5M | 4.8% | ▼ 5.2% |
| Russell Investments Group, Ltd. | $11.5M | 1.1M | 3.6% | ▲ 45.8% |
| Wellington Management Group LLP | $10.9M | 1.1M | 3.4% | New |
| Invesco Ltd. | $10.6M | 1.1M | 3.3% | ▼ 18.7% |
| Legal & General Group PLC | $8M | 790K | 2.5% | ▲ 8.8% |
| Muzinich & Co., Inc. | $7.5M | 744K | 2.3% | ▲ 3.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Midcap Financial Investment Corp's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced
- October 27, 2026
- August 6, 2026
- May 6, 2026
- February 26, 2026
- November 6, 2025
- August 11, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- DEF 14A Proxy statement
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Midcap Financial Investment Corp in brief
- What does Midcap Financial Investment Corp do?
- Midcap Financial Investment Corp is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Midcap Financial Investment Corp's stock ticker?
- Midcap Financial Investment Corp trades under the ticker MFIC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Midcap Financial Investment Corp's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Thornburg Investment Management Inc, Apollo Management Holdings, L.P. and Van Eck Associates Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- When is Midcap Financial Investment Corp's next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Midcap Financial Investment Corp announces its own schedule.
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