MidCap Financial Investment Corporation is targeting leverage in the low 1.4s and prioritizing deleveraging over additional stock repurchases. Net investment income per share was $0.40 for the quarter ended June 30, 2026, while GAAP net loss per share was $0.21, and net asset value per share fell 3.2% to $13.37. The portfolio recorded a net loss of $50.3 million, or $0.61 per share, concentrated in a limited number of positions, with five names contributing approximately 80% of the loss. The company repurchased $31.9 million of stock during the quarter but now intends to focus capital allocation on reducing leverage from the current 1.54x net leverage. A quarterly dividend of $0.31 per share was declared, payable on September 24, 2026.
MidCap Financial Investment CorporationNet investment income per share was $0.40, but GAAP net loss per share was $0.21, and net asset value per share fell 3.2% to $13.37, with portfolio net loss of $50.3 million.