MidCap Financial Investment (MFIC)
Market Price (3/5/2026): $10.66 | Market Cap: $994.6 MilSector: Financials | Industry: Asset Management & Custody Banks
MidCap Financial Investment (MFIC)
Market Price (3/5/2026): $10.66Market Cap: $994.6 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 24%, Dividend Yield is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 20% | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -52% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 186% |
| Low stock price volatilityVol 12M is 28% | Expensive valuation multiplesP/SPrice/Sales ratio is 9.2x | |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg QQuarterly Revenue Change % is -0.1% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2% | ||
| Key risksMFIC key risks include [1] deteriorating credit quality within its portfolio, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 24%, Dividend Yield is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 20% |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -52% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 186% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 9.2x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg QQuarterly Revenue Change % is -0.1% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.2% |
| Key risksMFIC key risks include [1] deteriorating credit quality within its portfolio, Show more. |
Qualitative Assessment
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MidCap Financial Investment (MFIC) stock has lost about 10% since 11/30/2025 because of the following key factors:
1. Significant Dividend Reduction and Sustainability Concerns.
MidCap Financial Investment (MFIC) declared a quarterly dividend of $0.31 per share payable in March 2026, representing an 18.4% decrease from the previous dividend of $0.38 per share. This reduction was a result of the company's reassessment of its longer-term earnings power due to changes in base rates and lower spreads in the primary market. Prior to the cut, the company's dividend payout ratio was 143.4%, which raised questions about its sustainability.
2. Decline in Net Asset Value (NAV) Driven by Portfolio Markdowns.
The company's Net Asset Value (NAV) per share decreased by 3.3% to $14.18 as of December 31, 2025, down from $14.66 at the end of September 2025. This decline was primarily attributed to markdowns on "a handful of investments predominantly from 2022 and earlier vintages." Specifically, three companies—Bird Rides, Banner Solutions, and Renovo—were placed on non-accrual status during the fourth quarter of 2025, accounting for approximately 36% of the total net loss for the quarter. Additionally, total investment income for the quarter decreased by $4.2 million, or 5.1%, from the prior quarter, due to lower interest income from decreased base rates, new non-accruals, and spread compression.
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1. Significant Dividend Reduction and Sustainability Concerns.
MidCap Financial Investment (MFIC) declared a quarterly dividend of $0.31 per share payable in March 2026, representing an 18.4% decrease from the previous dividend of $0.38 per share. This reduction was a result of the company's reassessment of its longer-term earnings power due to changes in base rates and lower spreads in the primary market. Prior to the cut, the company's dividend payout ratio was 143.4%, which raised questions about its sustainability.
2. Decline in Net Asset Value (NAV) Driven by Portfolio Markdowns.
The company's Net Asset Value (NAV) per share decreased by 3.3% to $14.18 as of December 31, 2025, down from $14.66 at the end of September 2025. This decline was primarily attributed to markdowns on "a handful of investments predominantly from 2022 and earlier vintages." Specifically, three companies—Bird Rides, Banner Solutions, and Renovo—were placed on non-accrual status during the fourth quarter of 2025, accounting for approximately 36% of the total net loss for the quarter. Additionally, total investment income for the quarter decreased by $4.2 million, or 5.1%, from the prior quarter, due to lower interest income from decreased base rates, new non-accruals, and spread compression.
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Stock Movement Drivers
Fundamental Drivers
The -9.8% change in MFIC stock from 11/30/2025 to 3/4/2026 was primarily driven by a -9.8% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3042026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.82 | 10.66 | -9.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 109 | 109 | 0.0% |
| Net Income Margin (%) | 92.0% | 92.0% | 0.0% |
| P/E Multiple | 11.0 | 10.0 | -9.8% |
| Shares Outstanding (Mil) | 93 | 93 | 0.0% |
| Cumulative Contribution | -9.8% |
Market Drivers
11/30/2025 to 3/4/2026| Return | Correlation | |
|---|---|---|
| MFIC | -9.8% | |
| Market (SPY) | 0.3% | 23.0% |
| Sector (XLF) | -3.4% | 40.7% |
Fundamental Drivers
The -14.2% change in MFIC stock from 8/31/2025 to 3/4/2026 was primarily driven by a -14.9% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3042026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.43 | 10.66 | -14.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 109 | 109 | 0.0% |
| Net Income Margin (%) | 91.3% | 92.0% | 0.8% |
| P/E Multiple | 11.7 | 10.0 | -14.9% |
| Shares Outstanding (Mil) | 93 | 93 | 0.0% |
| Cumulative Contribution | -14.2% |
Market Drivers
8/31/2025 to 3/4/2026| Return | Correlation | |
|---|---|---|
| MFIC | -14.2% | |
| Market (SPY) | 6.5% | 29.1% |
| Sector (XLF) | -4.3% | 45.0% |
Fundamental Drivers
The -12.7% change in MFIC stock from 2/28/2025 to 3/4/2026 was primarily driven by a -14.3% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3042026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.22 | 10.66 | -12.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 110 | 109 | -1.5% |
| Net Income Margin (%) | 89.6% | 92.0% | 2.7% |
| P/E Multiple | 11.6 | 10.0 | -14.3% |
| Shares Outstanding (Mil) | 94 | 93 | 0.6% |
| Cumulative Contribution | -12.7% |
Market Drivers
2/28/2025 to 3/4/2026| Return | Correlation | |
|---|---|---|
| MFIC | -12.7% | |
| Market (SPY) | 16.3% | 62.1% |
| Sector (XLF) | -0.3% | 63.3% |
Fundamental Drivers
The 21.2% change in MFIC stock from 2/28/2023 to 3/4/2026 was primarily driven by a 80.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3042026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.80 | 10.66 | 21.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 60 | 109 | 80.8% |
| Net Income Margin (%) | 77.3% | 92.0% | 19.0% |
| P/E Multiple | 12.3 | 10.0 | -18.9% |
| Shares Outstanding (Mil) | 65 | 93 | -30.6% |
| Cumulative Contribution | 21.2% |
Market Drivers
2/28/2023 to 3/4/2026| Return | Correlation | |
|---|---|---|
| MFIC | 21.2% | |
| Market (SPY) | 79.3% | 56.5% |
| Sector (XLF) | 50.8% | 57.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MFIC Return | 34% | 0% | 35% | 11% | -4% | -9% | 76% |
| Peers Return | 34% | -11% | 29% | 27% | -4% | -11% | 69% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| MFIC Win Rate | 58% | 58% | 67% | 50% | 42% | 33% | |
| Peers Win Rate | 80% | 40% | 70% | 73% | 50% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| MFIC Max Drawdown | -1% | -16% | -4% | -2% | -20% | -15% | |
| Peers Max Drawdown | -1% | -19% | -2% | -2% | -16% | -12% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARCC, BXSL, FSK, MAIN, GBDC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/4/2026 (YTD)
How Low Can It Go
| Event | MFIC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -25.9% | -25.4% |
| % Gain to Breakeven | 35.0% | 34.1% |
| Time to Breakeven | 57 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -69.2% | -33.9% |
| % Gain to Breakeven | 225.0% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -39.3% | -19.8% |
| % Gain to Breakeven | 64.8% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -56.9% | -56.8% |
| % Gain to Breakeven | 131.9% | 131.3% |
| Time to Breakeven | 56 days | 1,480 days |
Compare to ARCC, BXSL, FSK, MAIN, GBDC
In The Past
MidCap Financial Investment's stock fell -25.9% during the 2022 Inflation Shock from a high on 4/20/2022. A -25.9% loss requires a 35.0% gain to breakeven.
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About MidCap Financial Investment (MFIC)
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies. It provides direct equity capital, mezzanine, first lien secured loans, stretch senior loans, unitranche loans, second lien secured loans and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products. It prefers to invest in preferred equity, common equity / interests and warrants and makes equity co-investments and may also invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded. It also focuses on other investments such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). The fund typically invests in construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products/goods durable and non-durable and customer services, direct marketing, energy oil & gas, electricity and utilities, aerospace & defense, wholesale, telecommunications, financial services, hotel, gaming, leisure, restaurants; environmental industries, healthcare and pharmaceuticals, high tech industries, beverages, food and tobacco, manufacturing, media diversified & production, printing and publishing, retail, automation, aviation and consumer transport, transportation, cargo and distribution. It primarily invests in United States. It primarily invests between $20 million and $250 million in its portfolio companies. The fund seeks to make investments with stated maturities of five to 10 years.
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- Like the commercial lending arm of a major bank (e.g., Wells Fargo), but dedicated solely to providing debt financing to privately-owned, middle-market businesses.
- A publicly-traded version of a private credit fund, similar to a specialized lending division of Blackstone, focused on mid-sized private companies.
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- Senior Secured Loans: Provides first-lien debt financing to middle-market companies.
- Unitranche Loans: Offers a blended debt solution combining senior and junior debt tranches.
- Junior Debt: Provides subordinated or mezzanine debt to support growth and acquisitions.
- Equity Co-investments: Makes minority equity investments alongside debt positions.
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MidCap Financial Investment (MFIC) operates as a Business Development Company (BDC). As such, it primarily provides financing in the form of debt and equity investments to other companies, rather than selling products or services directly to individuals.
MFIC's "customers" are the middle-market companies to which it provides loans and makes other investments. These companies are typically privately held and operate across a diverse range of industries. Due to the nature of its business as a diversified lender and investor, MFIC does not typically identify or disclose "major customers" in the traditional sense (i.e., a few specific companies that account for a significant portion of its business).
Instead, MFIC's strategy involves building a broad portfolio of investments across numerous middle-market companies to diversify risk and achieve its investment objectives. Its investment portfolio generally comprises hundreds of different companies, most of which are private and therefore do not have public stock symbols. Consequently, there are no specific customer companies that can be listed as "major customers" with associated symbols.
MFIC's investments are typically made in companies operating in various sectors, including but not limited to:
- Healthcare
- Business Services
- Software & Technology
- Consumer Products
- Food & Beverage
Public filings, such as MFIC's annual 10-K reports, provide a detailed "Schedule of Investments" listing its numerous portfolio companies, but no single or small group of these companies is designated as a "major customer."
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- MidCap Financial Services, LLC
- State Street Corporation (NYSE: STT)
- Computershare Limited (ASX: CPU)
- PricewaterhouseCoopers LLP
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Tanner Powell, Chief Executive Officer
Tanner Powell joined Apollo in 2006 and was appointed Chief Executive Officer of MidCap Financial Investment Corporation in August 2022. He previously served as President of the Company from May 2018 to August 2022 and as Chief Investment Officer for the Company's investment adviser from June 2016 to August 2022. Mr. Powell is a Managing Director and Portfolio Manager in Apollo's Direct Origination business and holds leadership roles in Apollo's Credit Business, including its aircraft leasing and lending businesses. MidCap Financial Investment Corporation is externally managed by an affiliate of Apollo Global Management, Inc., a global alternative asset manager.
Kenneth Seifert, Chief Financial Officer and Treasurer
Kenneth Seifert was appointed Chief Financial Officer and Treasurer of MidCap Financial Investment Corporation in June 2025. He joined Apollo in 2015 and has been a key member of Apollo's Controllers group throughout his tenure. Mr. Seifert also serves as Chief Financial Officer and Treasurer of both Apollo Diversified Credit Fund and Apollo Diversified Real Estate Fund, positions he has held since 2022. Previously, he served as Chief Financial Officer and Treasurer of Apollo S3 Private Markets Fund from 2023 to 2024, Apollo Senior Floating Rate Fund Inc. from 2021 to 2024, and Apollo Tactical Income Fund Inc. from 2021 to 2024. His extensive roles across various Apollo-managed funds demonstrate a consistent pattern of managing companies backed by Apollo Global Management.
Howard T. Widra, Executive Chairman
Howard T. Widra has been with Apollo and/or its affiliates since 2013 and serves as Apollo's Head of Direct Origination. He was appointed Executive Chairman of MidCap Financial Investment Corporation in August 2022. Mr. Widra served as the Company's Chief Executive Officer from May 2018 to August 2022 and as President from June 2016 to May 2018. He was a co-founder of MidCap Financial, a middle-market specialty finance firm, and was formerly its Chief Executive Officer. Prior to MidCap Financial, Mr. Widra was the founder and President of Merrill Lynch Capital Healthcare Finance. MidCap Financial was founded with over $500 million in equity commitments from Lee Equity Partners LLC, Genstar Capital LLC, and Moelis Capital Partners.
Ted McNulty, President and Chief Investment Officer
Ted McNulty serves as President and Chief Investment Officer for Apollo Investment Management (AIM), which advises MidCap Financial Investment Corporation. He is a key member of the management team responsible for the investment strategy of MFIC.
Kristin Hester, Chief Legal Officer, Secretary and Vice President
Kristin Hester holds the titles of Chief Legal Officer, Secretary and Vice President at MidCap Financial Investment Corporation. She plays a crucial role in the legal and governance aspects of the company.
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The key risks to MidCap Financial Investment (MFIC) primarily stem from its core business as a lender to middle-market companies, its capital structure, and the broader economic environment.
- Credit Risk and Deterioration in Portfolio Quality: A paramount risk for MFIC is the potential for a decline in the credit quality of its portfolio companies, which could lead to increased non-accrual investments and reduced Net Asset Value (NAV). Several reports indicate concerns regarding the deteriorating cash interest coverage of its portfolio companies, suggesting underlying financial challenges for these borrowers. This risk directly impacts MFIC's ability to generate income and recover its investments.
- Interest Rate Risk: As a business development company (BDC) that primarily invests in floating-rate loans, MFIC is sensitive to fluctuations in interest rates. While a portfolio of floating-rate assets can benefit from rising interest rates, a significant reduction in market interest rates could lead to a decrease in its net investment income. Conversely, an increase in its cost of funds on outstanding debt, especially if not offset by higher asset yields, could also adversely impact its net income.
- Liquidity Risk and Market Volatility: MFIC's investments in privately held middle-market companies often entail illiquid assets, making it challenging to dispose of them quickly or at favorable prices, particularly during periods of market disruption. As a mid-cap company, MFIC and its portfolio are generally more susceptible to market fluctuations and economic downturns than larger, more established entities, which can exacerbate issues related to asset valuation and liquidity.
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MidCap Financial Investment (MFIC) focuses on providing senior debt solutions to middle-market companies. The company is also involved in healthcare finance, asset-based lending, and offers various forms of junior capital and venture debt.
Addressable Markets for MidCap Financial Investment's Main Products and Services:
- Senior Debt Solutions to Middle Market Companies (Direct Lending): The global direct lending market, which includes non-investment grade debt, is approximately $1 trillion. The U.S. middle market consists of approximately 200,000 companies.
-
Healthcare Finance Solutions:
- The global healthcare finance solutions market size was USD 148.85 billion in 2025 and is expected to reach around USD 293.12 billion by 2034.
- The U.S. healthcare finance solutions market size was valued at USD 51.94 billion in 2024 and is expected to reach USD 95.54 billion by 2032.
-
Asset-Based Lending:
- The global Asset-Based Lending Market is estimated to be valued at USD 815.3 billion in 2025 and is projected to reach USD 2314.9 billion by 2035.
- North America held the largest share of the global asset-based lending market, accounting for 41.6% or $284.03 billion in 2023, with the U.S. holding approximately 70% of the North American market share. The USA asset-based lending market is projected to grow at a compound annual growth rate (CAGR) of 9.4% during 2025-2035.
- Junior Capital (Mezzanine, Second Lien, Subordinated Debt, Equity Co-investments): null
- Venture Debt (as part of Venture Capital): The United States venture capital market size reached USD 1.31 trillion in 2025 and is forecast to reach USD 1.46 trillion by 2030.
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MidCap Financial Investment (MFIC) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Deployment of Capital into First Lien Middle Market Loans: MFIC's core investment strategy focuses on directly originated first lien senior secured loans to privately held U.S. middle-market companies. The company consistently deploys capital into these loans, which is anticipated to enhance its earnings power. This ongoing investment activity into assets with strong credit attributes underscores MidCap Financial's position as a prominent middle-market lender. * Redeployment of Merx Proceeds: The company has been actively reducing its exposure to Merx, an aircraft leasing portfolio company, through significant repayments. MFIC expects to receive additional paydowns from Merx in late 2025 or early 2026 and plans to redeploy these proceeds into middle-market loans. This strategic reallocation is projected to contribute an additional $0.06 per share to net investment income. * Strategic Capital Structure Management: MFIC has been proactive in optimizing its capital structure. This includes amending and extending its senior secured revolving credit facility, which involved reducing the applicable margin. Additionally, the company has upsized and repriced its Collateralized Loan Obligation (CLO), MFIC Bethesda CLO 1, resulting in a reduction in the weighted average spread on floating rate liabilities. While primarily impacting costs, these actions enhance financial flexibility and can support increased investment capacity, indirectly contributing to revenue growth. * Anticipated Increase in Mergers & Acquisitions (M&A) Activity: MidCap Financial anticipates a potential pickup in M&A activity in the second half of 2025. An increase in M&A could lead to more opportunities for MFIC to originate new loans, thereby expanding its investment portfolio and driving revenue growth. The company's management has expressed optimism regarding future M&A opportunities. * Strong Deal Sourcing and Commitment Activity: MFIC benefits from a robust incumbent position within the middle market, which allows it to capitalize on new investment opportunities and maintain strong commitment activity. The company's affiliation with MidCap Financial provides a significant advantage in sourcing a large volume of deals, enabling the selection of investments with attractive risk-reward characteristics. This consistent origination of new investments is a fundamental driver of revenue expansion.AI Analysis | Feedback
Share Repurchases
- MidCap Financial Investment Corporation (MFIC) has repurchased shares totaling $254.2 million through November 5, 2025, since the inception of its share repurchase program.
- As of November 5, 2025, MFIC had $20.8 million remaining under its current Board authorization of $275 million for future share repurchases.
- During the three months ended March 31, 2025, the company repurchased 476,656 shares for a total cost of $6.1 million at a weighted average price of $12.75 per share.
Share Issuance
- MFIC issued 1,932,641 shares of its common stock to MFIC Holdings, LP, a subsidiary of MidCap Financial, through a share subscription agreement.
Outbound Investments
- For the quarter ended September 30, 2025, MFIC committed $138 million to new investments and had gross fundings of $142 million.
- During the quarter ended March 31, 2025, new investment commitments totaled $376 million, with gross fundings reaching $357 million and net fundings of $170 million.
- The company received a $97 million repayment from Merx during the quarter ended September 30, 2025, which reduced its Merx exposure to 3.3% of the portfolio.
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.79 |
| Mkt Cap | 4.3 |
| Rev LTM | 485 |
| Op Inc LTM | - |
| FCF LTM | 158 |
| FCF 3Y Avg | 103 |
| CFO LTM | 158 |
| CFO 3Y Avg | 103 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -11.9% |
| Rev Chg 3Y Avg | 31.4% |
| Rev Chg Q | -7.3% |
| QoQ Delta Rev Chg LTM | -1.9% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 24.9% |
| CFO/Rev 3Y Avg | 38.0% |
| FCF/Rev LTM | 24.9% |
| FCF/Rev 3Y Avg | 38.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.3 |
| P/S | 9.1 |
| P/EBIT | - |
| P/E | 10.0 |
| P/CFO | -2.9 |
| Total Yield | 21.3% |
| Dividend Yield | 11.2% |
| FCF Yield 3Y Avg | 4.8% |
| D/E | 1.5 |
| Net D/E | 1.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.2% |
| 3M Rtn | -10.0% |
| 6M Rtn | -11.2% |
| 12M Rtn | -10.6% |
| 3Y Rtn | 26.3% |
| 1M Excs Rtn | -2.6% |
| 3M Excs Rtn | -9.6% |
| 6M Excs Rtn | -18.8% |
| 12M Excs Rtn | -29.0% |
| 3Y Excs Rtn | -46.1% |
Price Behavior
Price Behavior
| Market Price | $10.66 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 02/09/2009 | |
| Distance from 52W High | -15.7% | |
| 50 Days | 200 Days | |
| DMA Price | $11.22 | $11.69 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -5.0% | -8.8% |
| 3M | 1YR | |
| Volatility | 30.6% | 28.1% |
| Downside Capture | 129.30 | 96.03 |
| Upside Capture | 41.59 | 66.97 |
| Correlation (SPY) | 21.2% | 62.0% |
MFIC Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 0.90 | 0.74 | 0.68 | 0.91 | 0.82 |
| Up Beta | 0.65 | 0.93 | 0.54 | 0.80 | 1.03 | 0.92 |
| Down Beta | 0.73 | 0.75 | 0.54 | 0.43 | 0.88 | 0.87 |
| Up Capture | 22% | 25% | 23% | 29% | 48% | 35% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 17 | 25 | 55 | 123 | 392 |
| Down Capture | 204% | 166% | 151% | 117% | 100% | 93% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 24 | 36 | 67 | 120 | 336 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MFIC | |
|---|---|---|---|---|
| MFIC | -12.1% | 28.1% | -0.47 | - |
| Sector ETF (XLF) | 0.6% | 19.7% | -0.09 | 63.3% |
| Equity (SPY) | 18.5% | 19.2% | 0.76 | 62.1% |
| Gold (GLD) | 78.4% | 26.1% | 2.20 | -4.7% |
| Commodities (DBC) | 19.7% | 17.1% | 0.89 | 24.7% |
| Real Estate (VNQ) | 5.3% | 16.6% | 0.14 | 52.8% |
| Bitcoin (BTCUSD) | -20.7% | 45.1% | -0.38 | 28.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MFIC | |
|---|---|---|---|---|
| MFIC | 6.9% | 22.7% | 0.25 | - |
| Sector ETF (XLF) | 11.2% | 18.8% | 0.48 | 57.4% |
| Equity (SPY) | 13.9% | 17.0% | 0.65 | 56.5% |
| Gold (GLD) | 23.4% | 17.3% | 1.11 | 6.2% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 18.7% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 48.3% |
| Bitcoin (BTCUSD) | 7.7% | 56.8% | 0.36 | 25.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MFIC | |
|---|---|---|---|---|
| MFIC | 9.3% | 30.0% | 0.35 | - |
| Sector ETF (XLF) | 13.8% | 22.2% | 0.57 | 58.7% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 54.0% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 3.6% |
| Commodities (DBC) | 9.0% | 17.6% | 0.42 | 22.6% |
| Real Estate (VNQ) | 6.5% | 20.7% | 0.28 | 53.9% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 14.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -0.7% | -1.7% | 1.7% |
| 8/11/2025 | 3.5% | 2.9% | 2.0% |
| 5/12/2025 | 1.8% | 2.5% | 3.8% |
| 2/25/2025 | -3.5% | -5.5% | -5.1% |
| 11/7/2024 | 1.3% | 1.9% | 5.3% |
| 8/7/2024 | 2.5% | 2.4% | 6.7% |
| 5/7/2024 | -0.5% | 2.7% | 5.3% |
| 2/26/2024 | 4.1% | 4.5% | 8.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 13 |
| # Negative | 8 | 6 | 8 |
| Median Positive | 2.6% | 2.9% | 5.3% |
| Median Negative | -1.0% | -1.5% | -3.8% |
| Max Positive | 7.2% | 16.7% | 39.1% |
| Max Negative | -3.8% | -5.5% | -9.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-KT |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/19/2022 | 10-K |
| 12/31/2021 | 02/03/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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