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

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

MidCap Financial Investment Stock Up 0.1%

MFICL stock opened at $25.31 on Thursday. MidCap Financial Investment has a one year low of $25.00 and a one year high of $25.60. The company has a 50 day moving average price of $25.23 and a two-hundred day moving average price of $25.31.

MidCap Financial Investment Dividend Announcement

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

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.