MidCap Financial Investment (MFICL) Set to Post Earnings on Thursday

MidCap Financial Investment (NASDAQ:MFICL) is expected to be issuing its resultson Thursday, November 5th. Analysts expect the company to announce earnings of $0.3323 per share and revenue of $65.37 million for the quarter.

MidCap Financial Investment Trading Down 0.0%

Shares of NASDAQ:MFICL opened at $25.38 on Wednesday. The business’s 50 day moving average price is $25.22 and its 200-day moving average price is $25.31. MidCap Financial Investment has a 1 year low of $25.00 and a 1 year high of $25.60.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.00 dividend on an annualized basis and a yield of 7.9%.

About MidCap Financial Investment

MidCap Financial Investment Corporation is a business development company (BDC) that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans and other debt securities, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio may include first-lien, second-lien and unitranche loans, as well as subordinated debt and equity-related investments. MidCap Financial Investment Corporation generally focuses on established companies across a range of industries and seeks to structure customized financing solutions, including acquisitions, recapitalizations, refinancing and growth initiatives.

The company is externally managed by MidCap Financial Investment Management, an affiliate of Apollo Global Management.