MidCap Financial Investment Corp(MFIC)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
MFIC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for MidCap Financial Investment Corp (MFIC). MFIC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), MidCap Financial Investment Corp reports net income of $-26.9M, free cash flow of $169.4M. Top institutional holders of MFIC by reported 13-F value include THORNBURG INVESTMENT MANAGEMENT, Apollo Management Holdings, L.P., SOROS FUND MANAGEMENT, based on the most recent SEC filings. MFIC trades on the Nasdaq exchange and files with the SEC under CIK 1278752. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MFIC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MidCap Financial Investment Corp directly from SEC EDGAR.
Net Income
Q1 2026
$-26.9M
Free Cash Flow
Q1 2026
$169.4M
D/E Ratio
Q1 2026
1.59
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-16.8% YoYTotal Assets
+27.6% YoYTotal Debt
+19.8% YoYOp. Cash Flow
-104.9% YoY| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Net Income | $98.8M -16.8% | $118.8M |
| Total Assets | $3.19B +27.6% | $2.50B |
| Total Debt | $1.75B +19.8% | $1.46B |
| Operating Cash Flow | $-9.5M -104.9% | $196.4M |
AI Insight: MFIC Financial Trends
MFIC posted back-to-back net losses in Q4 2025 and Q1 2026, while equity eroded $131M quarter-over-quarter to $1,176M.
• Net income flipped negative in Q4 2025 (-$13M) and deepened to -$27M in Q1 2026, reversing prior quarters of consistent profitability.
• Total debt rose from $1,512M in Q2 2024 to a peak of $2,052M in Q2 2025, remaining elevated at $1,870M in Q1 2026.
• Equity declined from $1,307M in Q4 2025 to $1,176M in Q1 2026, a $131M drop in a single quarter.
• Operating cash flow is highly volatile, swinging from -$131M in Q1 2025 to +$166M in Q3 2025 and +$169M in Q1 2026.
⚠ Consecutive net losses alongside shrinking equity raise questions about NAV erosion — monitor whether Q2 2026 loss trend continues.
⚠ Debt remains near cycle highs at $1,870M versus equity of $1,176M; rising leverage ratio warrants close attention.
⚠ Positive Q1 2026 operating cash flow of $169M despite net loss may reflect timing differences — sustainability is unconfirmed.
AI Insight: MFIC Ratio Trends
MFIC's ROE collapsed to -9.1% and ROA to -3.5% in Q1 2026, signaling accelerating deterioration after turning negative in Q4 2025.
• ROA peaked at 3.6% in Q1 2025 then turned negative, reaching -3.5% in Q1 2026 — a 7.1pp swing in four quarters.
• ROE swung from -3.9% in Q4 2025 to -9.1% in Q1 2026, a sharp sequential deterioration of 5.2pp.
• D/E ticked up to 1.59 in Q1 2026 from 1.53 in Q4 2025, modest but moving in the wrong direction alongside negative returns.
⚠ TTM ROE of 0.5% masks two consecutive quarters of negative returns; trend trajectory points to further erosion if Q2 2026 repeats.
⚠ ROA turned sharply negative (-3.5%) in Q1 2026 versus a positive 2.1%–3.6% range seen through most of 2024–2025.
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Available Research
13F Pro tracks comprehensive data for MidCap Financial Investment Corp including:
Top Institutional Holders of MFIC
THORNBURG INVESTMENT MANAGEMENT INC
$36.4M3,237,783 shApollo Management Holdings, L.P.
$26.4M2,348,747 shSOROS FUND MANAGEMENT LLC
$21.9M1,944,500 shNext Capital Management LLC
$21.0M1,871,652 shUBS Group AG
$20.4M1,818,285 shMORGAN STANLEY
$18.1M1,614,619 shInvesco Ltd.
$14.6M1,294,585 shRussell Investments Group, Ltd.
$8.8M783,193 shLegal & General Group Plc
$8.2M725,413 shMuzinich & Co., Inc.
$8.1M716,498 sh
| Fund | Value | Shares |
|---|---|---|
| THORNBURG INVESTMENT MANAGEMENT INC | $36.4M | 3,237,783 |
| Apollo Management Holdings, L.P. | $26.4M | 2,348,747 |
| SOROS FUND MANAGEMENT LLC | $21.9M | 1,944,500 |
| Next Capital Management LLC | $21.0M | 1,871,652 |
| UBS Group AG | $20.4M | 1,818,285 |
| MORGAN STANLEY | $18.1M | 1,614,619 |
| Invesco Ltd. | $14.6M | 1,294,585 |
| Russell Investments Group, Ltd. | $8.8M | 783,193 |
| Legal & General Group Plc | $8.2M | 725,413 |
| Muzinich & Co., Inc. | $8.1M | 716,498 |
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Popular Research
Is MFIC a good stock to buy?
13F Pro's AI-powered analysis of MidCap Financial Investment Corp (MFIC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MFIC are available on the MFIC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MFIC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MFIC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MidCap Financial Investment Corp's investment landscape.