MidCap Financial Q1 2024 Earnings Report
Key Takeaways
MidCap Financial Investment Corporation reported a net investment income of $0.44 per share and a net asset value of $15.20 per share for the quarter ended June 30, 2023. The company's net investment income per share exceeded the quarterly distribution by approximately 16%.
Net investment income per share was $0.44, compared to $0.45 for the quarter ended March 31, 2023.
Net asset value per share as of the end of the quarter was $15.20, compared to $15.18 as of March 31, 2023.
New investment commitments made during the quarter totaled $79 million.
Repurchased 198,084 shares of common stock at a weighted average price per share of $11.60, inclusive of commissions, for an aggregate cost of $2.3 million during the quarter.
MidCap Financial
MidCap Financial
Forward Guidance
The company did not provide any forward guidance in the earnings report.