MidCap Financial Investment Corporation 8.00% Notes due 2028
MidCap Financial Investment Corporation 8.00% Notes due 2028
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Overview
What the company does, where it operates, and who runs it.
About MidCap Financial Investment Corporation 8.00% Notes due 2028
- Industry
- Asset Management
- Sector
- Financial Services
- CEO
- Tanner Powell
- Headquarters
- Nine West 57th Street, New York City, NY, US
- Industry
- Asset Management
- Sector
- Financial Services
- CEO
- Tanner Powell
- Headquarters
- Nine West 57th Street, New York City, NY, US
MidCap Financial Investment Corporation, formerly known as Apollo Investment Corporation, operates as an externally managed, closed-end, and non-diversified management investment vehicle. It holds the classification of a Business Development Company (BDC) under the Investment Company Act of 1940.
The firm's primary investment strategy focuses on private equity opportunities within private middle-market companies. This encompasses providing capital for leveraged buyouts, corporate acquisitions, financial recapitalizations, growth initiatives, and refinancing efforts.
MidCap offers a comprehensive array of financing options, including direct equity capital alongside various debt instruments such as mezzanine, first lien secured, stretch senior, unitranche, second lien secured, senior secured, unsecured, and subordinated loans.
Its equity involvement further extends to preferred equity, common equity interests, and warrants, often through co-investment partnerships.
Beyond these core activities, the fund also explores Private Investment in Public Equity (PIPEs) transactions and may acquire securities of thinly traded public companies, structured products, or investments from secondary markets.
Additional potential allocations include cash equivalents, U.S. government securities, high-quality short-term debt, high-yield and distressed bonds, non-U.S. investments, and publicly traded companies that are not thinly traded.
Specialized instruments like collateralized loan obligations (CLOs) and credit-linked notes (CLNs) are also within its scope. Predominantly, MidCap Financial Investment Corporation targets its investments within the United States.
It generally allocates between $20 million and $250 million per portfolio company, focusing on businesses with less than $75 million in EBITDA. The fund typically seeks investments with a maturity range of five to ten years.
The corporation's industry exposure is broad and diverse, spanning sectors such as construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products (both durable and non-durable), customer services, direct marketing, and various energy segments (oil & gas, electricity, utilities).
It also covers aerospace & defense, wholesale, telecommunications, financial services, hospitality (hotels, gaming, leisure, restaurants), environmental industries, healthcare and pharmaceuticals, high-tech sectors, food and beverage (including tobacco), manufacturing, diverse media and production, printing and publishing, retail, automation, and multiple transportation categories (aviation, consumer transport, cargo, and distribution).
Media
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Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for MidCap Financial Investment Corporation 8.00% Notes due 2028, and the rating behind it. MFICL last traded at $25.14; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for MidCap Financial Investment Corporation 8.00% Notes due 2028. Starting points for MidCap Financial Investment Corporation 8.00% Notes due 2028: EPS -$0.36, beta 1.60 — an Asset Management name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for MidCap Financial Investment Corporation 8.00% Notes due 2028. MidCap Financial Investment Corporation 8.00% Notes due 2028 paid $2.00 per share over the last year — a 8.0% yield at the current $25.14 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for MidCap Financial Investment Corporation 8.00% Notes due 2028. Trailing twelve-month EPS for MidCap Financial Investment Corporation 8.00% Notes due 2028 stands at -$0.36. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for MidCap Financial Investment Corporation 8.00% Notes due 2028. MidCap Financial Investment Corporation 8.00% Notes due 2028 has reported as a listed company since 2023. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
MidCap Financial Investment Corporation 8.00% Notes due 2028 valued side by side against its closest peers. MidCap Financial Investment Corporation 8.00% Notes due 2028 is measured against Asset Management peers within the Financial Services sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold MidCap Financial Investment Corporation 8.00% Notes due 2028, and how their positions are changing. At a $2.32B market value, institutional positions materially move MidCap Financial Investment Corporation 8.00% Notes due 2028's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by MidCap Financial Investment Corporation 8.00% Notes due 2028 executives and directors. Shares of MidCap Financial Investment Corporation 8.00% Notes due 2028 have traded between $24.88 and $25.43 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming MidCap Financial Investment Corporation 8.00% Notes due 2028. MidCap Financial Investment Corporation 8.00% Notes due 2028 is a $2.32B Financial Services company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming MidCap Financial Investment Corporation 8.00% Notes due 2028. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for MidCap Financial Investment Corporation 8.00% Notes due 2028. Coverage tracks MidCap Financial Investment Corporation 8.00% Notes due 2028 within Asset Management (Financial Services). Press releases and market coverage, newest first.
Comments
Comments and replies from FRC members about this company.