Mergers & AcquisitionsMediumUpdated•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
MidCap Financial Q3 Earnings Miss Estimates Amid Ares Capital Acquisition Deal
Key Facts
1MidCap Financial reported net investment income of $0.34 per share for the third quarter ended September 2026.
2Net asset value (NAV) per share decreased by 3.8% to $12.86 compared to the previous quarter.
3Ares Capital Corporation has agreed to acquire MFIC in a stock-and-cash transaction valued at approximately $10.88 per share.
MidCap Financial reported net investment income of $0.34 per share for the third quarter ended September 2026, missing analyst estimates of $0.37 per share. GlobeNewswire reported that the results also fell from the $0.38 per share earned in the prior-year period, coinciding with an agreement for Ares Capital Corporation to acquire the firm for approximately $10.88 per share.
MFIC closed at $10.33 on November 4, 2026, while ARCC closed at $19.46 on the same date. The company's net asset value (NAV) per share decreased by 3.8% to $12.86 due to credit-related weakness in specific portfolio positions, as the pending acquisition highlights ongoing consolidation within the business development company (BDC) sector.