Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity. The Company provides customized financing solutions focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt, and subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company's investment activities are managed by its investment advisor, Monroe Capital BDC Advisors, LLC (MC Advisors).
Industry, Sector and Symbol:
- Industry: Mortgage Investment
- Sub-Industry: N/A
- Symbol: NASDAQ:MRCC
- CUSIP: N/A
- Web: www.monroebdc.com
- 50 Day Moving Avg: $15.76
- 200 Day Moving Avg: $15.52
- 52 Week Range: $13.60 - $16.37
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.88
- P/E Growth: 2.14
- Annual Dividend: $1.40
- Dividend Yield: 9.0%
- Net Margins: 47.93%
- Return on Equity: 11.09%
- Return on Assets: 6.02%
- Debt-to-Equity Ratio: 0.59%
- Current Ratio: 1.71%
- Quick Ratio: 1.71%
- Average Volume: 71,969 shs.
- Beta: 0.55
Frequently Asked Questions for Monroe Capital Corp (NASDAQ:MRCC)
What is Monroe Capital Corp's stock symbol?
Monroe Capital Corp trades on the NASDAQ under the ticker symbol "MRCC."
How often does Monroe Capital Corp pay dividends? What is the dividend yield for Monroe Capital Corp?
Monroe Capital Corp announced a quarterly dividend on Wednesday, March 8th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.35 per share on Friday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 8.97%. The ex-dividend date is Wednesday, March 15th. View Monroe Capital Corp's Dividend History.
How were Monroe Capital Corp's earnings last quarter?
Monroe Capital Corp (NASDAQ:MRCC) issued its quarterly earnings data on Tuesday, May, 9th. The company reported $0.36 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.36. The company had revenue of $12.01 million for the quarter, compared to analysts' expectations of $12.36 million. Monroe Capital Corp had a net margin of 47.93% and a return on equity of 11.09%. View Monroe Capital Corp's Earnings History.
Where is Monroe Capital Corp's stock going? Where will Monroe Capital Corp's stock price be in 2017?
7 analysts have issued 1-year price targets for Monroe Capital Corp's shares. Their forecasts range from $16.00 to $18.50. On average, they anticipate Monroe Capital Corp's share price to reach $16.90 in the next twelve months. View Analyst Ratings for Monroe Capital Corp.
What are analysts saying about Monroe Capital Corp stock?
Here are some recent quotes from research analysts about Monroe Capital Corp stock:
- 1. National Securities analysts commented, "• Monroe posted adjusted NII/share of $0.35 versus consensus estimates of $0.36 and our estimate of $0.37. We expect NII/share to step-up through 2017 and 2018 as more capital is deployed and the portfolio grows with an additional tailwind being the additional SBIC (Small Business Investment Company) leverage the company has available.
• NAV/share was down to $14.34 from $14.52 Q/Q, driven by net unrealized losses widening to $4.0 million from $317,000. The unrealized losses were driven by a negative mark of $1.4 million on Rockdale Blackhawk. Despite the negative marks asset quality remains strong with no new non-accruals during the quarter and non-accruals finishing 3/31/17 at $22.2 million or 5.3% of the portfolio by amortized cost.
• Monroe has sufficient dry powder for meaningful portfolio growth the remainder of 2017 and through 2018 to $503.5 million and $613.6 million, respectively, from $418.2 million as of 1Q17 in our opinion. The company has $55.0 million of additional SBA debentures to draw on with regulatory D/E finishing the quarter at 0.57x compared to the company’s target of 0.70x-0.80x.
• We are vising our 2017 adjusted NII/share estimate to $1.49 from $1.57 and our 2018 adjusted NII/share estimate to $1.58 from $1.61." (5/15/2017)
- 2. According to Zacks Investment Research, "Monroe Capital Corporation is a non-diversified closed-end management investment company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago. " (5/10/2017)
- 3. FBR & Co analysts commented, "MRCC reported 4Q16 adjusted net investment income EPS of $0.35, below our estimate of $0.39 and the consensus of $0.38. The 4Q16 miss was due primarily to lower total revenues QOQ despite an increase in earning asset volumes QOQ. The lower revenue was due to lower dividends from portfolio company Rockdale Blackhawk, which in the first nine months of 2016 up-streamed $3.5M of dividends (or $0.21/share) to MRCC, as well as lower origination fees in 4Q16 QOQ. While 4Q16 earnings fully covered the dividend of $0.35, this was aided by a $0.02/ share management fee waiver. Asset quality remains solid as NAV/share increased $0.10 QOQ due to unrealized investment appreciation. Going forward, we believe MRCC remains well positioned to grow given we estimate it has $167M in untapped lending potential (including SBA borrowings), or 40% of 4Q16 investment assets at fair value. We note that management remains cautious on a turn in the credit cycle; thus, lower-yielding first-lien debts are likely to remain the focus going forward." (3/10/2017)
Who are some of Monroe Capital Corp's key competitors?
Some companies that are related to Monroe Capital Corp include Ally Financial (ALLY), Santander Consumer USA Holdings (SC), Essent Group Ltd (ESNT), Hilltop Holdings (HTH), Lendingtree (TREE), Nationstar Mortgage Holdings (NSM), Walker & Dunlop (WD), Hercules Capital (HTGC), Ellington Financial LLC (EFC), Western Asset Mortgage Capital Corp (WMC), PennyMac Financial Services (PFSI), America First Multifamily Investors LP (ATAX), Arlington Asset Investment Corp (AI), Ocwen Financial Corp (OCN), Marlin Business Services Corp. (MRLN), Walter Investment Management Corp (WAC) and TPG Specialty Lending (TSLX).
Who are Monroe Capital Corp's key executives?
Monroe Capital Corp's management team includes the folowing people:
- Theodore L. Koenig, Chairman of the Board, Chief Executive Officer
- Aaron D. Peck, Chief Financial Officer, Chief Investment Officer, Chief Compliance Officer, Director, IR Contact Officer
- Thomas J. Allison, Independent Director
- Jeffrey A. Golman, Independent Director
- Jorde M. Nathan, Independent Director
- Robert S. Rubin, Independent Director
Who owns Monroe Capital Corp stock?
Monroe Capital Corp's stock is owned by a number of of retail and institutional investors. Top institutional investors include Blair William & Co. IL (4.76%), Muzinich & Co. Inc. (4.07%), Advisors Asset Management Inc. (3.66%), UBS Group AG (2.51%), Sumitomo Mitsui Asset Management Company LTD (2.20%) and Janney Montgomery Scott LLC (1.10%). View Institutional Ownership Trends for Monroe Capital Corp.
Who sold Monroe Capital Corp stock? Who is selling Monroe Capital Corp stock?
Monroe Capital Corp's stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Stephens Inc. AR, Morgan Stanley, WESPAC Advisors LLC, Raymond James Financial Services Advisors Inc., National Asset Management Inc., Baird Financial Group Inc. and Silver Capital Management LLC. View Insider Buying and Selling for Monroe Capital Corp.
Who bought Monroe Capital Corp stock? Who is buying Monroe Capital Corp stock?
Monroe Capital Corp's stock was purchased by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Sumitomo Mitsui Asset Management Company LTD, Van ECK Associates Corp, UBS Group AG, Advantage Investment Management LLC, Ativo Capital Management LLC, Geneva Advisors LLC and Mackenzie Financial Corp. View Insider Buying and Selling for Monroe Capital Corp.
How do I buy Monroe Capital Corp stock?
Shares of Monroe Capital Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Monroe Capital Corp's stock price today?
MarketBeat Community Rating for Monroe Capital Corp (NASDAQ MRCC)MarketBeat's community ratings are surveys of what our community members think about Monroe Capital Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Monroe Capital Corp stock can currently be purchased for approximately $15.61.
Earnings History for Monroe Capital Corp (NASDAQ:MRCC)Earnings History by Quarter for Monroe Capital Corp (NASDAQ MRCC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/9/2017||Q1 2017||$0.36||$0.36||$12.36 million||$12.01 million||View||Listen|
|3/7/2017||Q4 2016||$0.38||$0.35||$11.96 million||$11.23 million||View||Listen|
|11/7/2016||Q3||$0.39||$0.36||$11.33 million||$11.13 million||View||Listen|
|5/10/2016||Q1||$0.39||$0.44||$10.45 million||$11.54 million||View||N/A|
|3/4/2016||Q4||$0.40||$0.39||$10.19 million||$10.13 million||View||N/A|
|11/9/2015||Q315||$0.40||$0.36||$9.34 million||$9.17 million||View||N/A|
|8/10/2015||Q215||$0.37||$0.43||$8.26 million||$9.52 million||View||Listen|
|5/11/2015||Q1||$0.39||$0.44||$7.74 million||$8.08 million||View||N/A|
|3/6/2015||Q414||$0.37||$0.48||$7.59 million||$8.68 million||View||N/A|
|11/10/2014||Q3 2014||$0.36||$0.39||$7.29 million||$7.67 million||View||N/A|
|8/11/2014||Q2 2014||$0.33||$0.37||$6.73 million||$7.05 million||View||N/A|
|5/12/2014||Q1 2014||$0.30||$0.32||$6.30 million||$6.52 million||View||N/A|
Earnings Estimates for Monroe Capital Corp (NASDAQ:MRCC)
2017 EPS Consensus Estimate: $1.51
2018 EPS Consensus Estimate: $1.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Monroe Capital Corp (NASDAQ:MRCC)
|Most Recent Dividend:||3/31/2017|
|Payout Ratio:||88.61% (Trailing 12 Months of Earnings) |
95.89% (Based on This Year's Estimates)
88.61% (Based on Next Year's Estimates)
Dividend History by Quarter for Monroe Capital Corp (NASDAQ MRCC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Monroe Capital Corp (NASDAQ:MRCC)
Insider Ownership Percentage: 1.90%Insider Trades by Quarter for Monroe Capital Corp (NASDAQ:MRCC)
Institutional Ownership Percentage: 29.67%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/11/2017||Theodore L. Koenig||Chairman||Buy||5,710||$15.49||$88,447.90|| |
|12/9/2016||Theodore L. Koenig||Chairman||Buy||18,773||$15.29||$287,039.17|| |
|3/17/2016||Theodore L Koenig||CEO||Buy||7,017||$13.98||$98,097.66|| |
|12/16/2015||Theodore L. Koenig||CEO||Buy||8,752||$13.64||$119,377.28|| |
|8/24/2015||Theodore L Koenig||CEO||Buy||4,200||$13.81||$58,002.00|| |
|12/6/2013||Theodore Koenig||CEO||Buy||15,564||$12.51||$194,705.64|| |
|12/4/2013||Theodore Koenig||CEO||Buy||19,136||$12.68||$242,644.48|| |
|11/30/2013||Jeffrey Steele||Director||Buy||5,575||$13.00||$72,475.00|| |
|11/18/2013||Thomas Allison||Director||Buy||4,000||$12.82||$51,280.00|| |
|8/16/2013||Jeffrey Steele||Director||Buy||3,000||$13.52||$40,560.00|| |
|8/16/2013||Theodore Koenig||CEO||Buy||16,224||$13.50||$219,024.00|| |
|8/15/2013||Theodore Koenig||Insider||Buy||18,000||$13.63||$245,340.00|| |
|10/24/2012||Aaron Daniel Peck||CFO||Buy||3,400||$15.00||$51,000.00|| |
|10/24/2012||Robert S Rubin||Director||Buy||16,500||$15.00||$247,500.00|| |
|10/24/2012||Theodore L Koenig||CEO||Buy||66,667||$15.00||$1,000,005.00|| |
Headline Trends for Monroe Capital Corp (NASDAQ:MRCC)
Latest Headlines for Monroe Capital Corp (NASDAQ:MRCC)
|$12.29 Million in Sales Expected for Monroe Capital Corp (MRCC) This Quarter|
www.americanbankingnews.com - May 27 at 8:04 AM
|Monroe Capital Corp (MRCC) Rating Reiterated by National Securities|
www.americanbankingnews.com - May 15 at 9:50 AM
|Monroe Capital Corp to Post Q4 2018 Earnings of $0.43 Per Share, FBR & Co Forecasts (MRCC)|
www.americanbankingnews.com - May 15 at 9:50 AM
|Monroe Capital Corp (MRCC) Expected to Earn Q2 2017 Earnings of $0.36 Per Share|
www.americanbankingnews.com - May 15 at 7:40 AM
|Zacks Investment Research Downgrades Monroe Capital Corp (MRCC) to Sell|
www.americanbankingnews.com - May 14 at 10:56 PM
|Edited Transcript of MRCC earnings conference call or presentation 10-May-17 4:00pm GMT|
finance.yahoo.com - May 13 at 12:16 AM
|Theodore L. Koenig Buys 5,710 Shares of Monroe Capital Corp (MRCC) Stock|
www.americanbankingnews.com - May 12 at 8:00 PM
|Research Analysts Set Expectations for Monroe Capital Corp's Q3 2017 Earnings (MRCC)|
www.americanbankingnews.com - May 12 at 11:23 AM
|Q2 2017 EPS Estimates for Monroe Capital Corp (MRCC) Lowered by FBR & Co|
www.americanbankingnews.com - May 12 at 9:53 AM
|Brokers Offer Predictions for Monroe Capital Corp's Q2 2017 Earnings (MRCC)|
www.americanbankingnews.com - May 11 at 8:10 AM
|Monroe Capital Corp (MRCC) Issues Earnings Results|
www.americanbankingnews.com - May 10 at 11:48 PM
|Monroe Capital's (MRCC) CEO Theodore Koenig on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 10 at 11:42 PM
|Investor Network: Monroe Capital Corp. to Host Earnings Call|
finance.yahoo.com - May 10 at 12:15 PM
|Monroe Capital Corporation BDC Announces First Quarter Financial Results|
finance.yahoo.com - May 9 at 6:19 PM
|Monroe Capital meets 1Q profit forecasts|
marketbeat.com - May 9 at 5:44 PM
|Monroe Capital Corp (MRCC) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - May 5 at 12:37 PM
| Analysts Expect Monroe Capital Corp (MRCC) Will Post Quarterly Sales of $12.43 Million|
www.americanbankingnews.com - May 4 at 1:16 PM
|Monroe Capital Corp (MRCC) Getting Positive News Coverage, AlphaOne Reports|
www.americanbankingnews.com - May 4 at 1:21 AM
|Zacks: Brokerages Anticipate Monroe Capital Corp (MRCC) to Post $0.37 Earnings Per Share|
www.americanbankingnews.com - May 2 at 2:08 PM
|Monroe Capital Corp (MRCC) Earns Media Impact Rating of -0.12|
www.americanbankingnews.com - April 28 at 12:40 PM
|Sixth Portfolio Review - 'The Accelerated Dividend Portfolio'|
seekingalpha.com - April 26 at 6:39 PM
|Somewhat Positive Press Coverage Likely to Impact Monroe Capital Corp (MRCC) Share Price|
www.americanbankingnews.com - April 25 at 9:24 PM
|Monroe Capital Corporation Schedules First Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - April 24 at 5:49 PM
|Monroe Capital Corp (MRCC) Earning Positive News Coverage, Study Finds|
www.americanbankingnews.com - April 21 at 11:15 PM
|Monroe Capital Corp (MRCC) Downgraded to "Neutral" at Robert W. Baird|
www.americanbankingnews.com - April 15 at 4:53 PM
|Zacks: Brokerages Expect Monroe Capital Corp (MRCC) Will Post Quarterly Sales of $12.43 Million|
www.americanbankingnews.com - April 13 at 12:42 PM
|Zacks: Brokerages Anticipate Monroe Capital Corp (MRCC) to Announce $0.37 EPS|
www.americanbankingnews.com - April 11 at 8:45 AM
|Monroe Capital Corp (MRCC) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - April 10 at 1:15 PM
|Monroe Capital Corp (MRCC) Short Interest Update|
www.americanbankingnews.com - April 8 at 9:32 AM
|Monroe Capital Corporation (MRCC) Ex-Dividend Date Scheduled for March 15, 2017 - Nasdaq|
www.nasdaq.com - March 15 at 6:49 PM
|Considering A BDC? Take A Look At Monroe Capital Corporation|
seekingalpha.com - March 14 at 11:02 AM
|Ex-Div Reminder for Monroe Capital (MRCC)|
www.thestreet.com - March 13 at 6:21 PM
|Monroe Capital Corp to Post Q2 2017 Earnings of $0.39 Per Share, Oppenheimer Holdings Forecasts (MRCC)|
www.americanbankingnews.com - March 13 at 11:38 AM
|Monroe Capital Corp Expected to Post Q1 2017 Earnings of $0.35 Per Share (MRCC)|
www.americanbankingnews.com - March 13 at 10:06 AM
|FBR & Co Reaffirms Buy Rating for Monroe Capital Corp (MRCC)|
www.americanbankingnews.com - March 11 at 9:28 AM
|Edited Transcript of MRCC earnings conference call or presentation 8-Mar-17 5:00pm GMT|
finance.yahoo.com - March 9 at 12:25 AM
|Monroe Capital's (MRCC) CEO Theodore Koenig on Q4 2016 Results - Earnings Call Transcript|
seekingalpha.com - March 8 at 7:24 PM
|MONROE CAPITAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure|
biz.yahoo.com - March 8 at 9:56 AM
|MONROE CAPITAL CORP Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 7 at 6:26 PM
|Monroe Capital Corporation BDC Announces Fourth Quarter Financial Results|
finance.yahoo.com - March 7 at 6:26 PM
|Q4 2016 Monroe Capital Corp Earnings Release - After Market Close|
biz.yahoo.com - March 7 at 10:18 AM
|Fourth Portfolio Review - 'The Accelerated Dividend Portfolio'|
seekingalpha.com - February 26 at 7:26 AM
|Monroe Capital Corporation Schedules Fourth Quarter and Full Year 2016 Earnings Release and Conference Call - GlobeNewswire (press release)|
globenewswire.com - February 24 at 4:00 PM
|MONROE CAPITAL CORP Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Balan|
biz.yahoo.com - February 23 at 6:43 PM
|Monroe Capital Corporation Expands its Syndicated Credit Facility to $200 Million - GlobeNewswire (press release)|
www.globenewswire.com - February 23 at 8:12 AM
|Monroe Capital Corporation Expands its Syndicated Credit Facility to $200 Million|
feeds.benzinga.com - February 23 at 7:42 AM
|Monroe Capital Corporation Schedules Fourth Quarter and Full Year 2016 Earnings Release and Conference Call|
finance.yahoo.com - February 22 at 6:46 PM
|Monroe Capital downgraded by Robert W. Baird|
finance.yahoo.com - January 9 at 7:22 PM
|Discover Financial Services: 4 Reasons To Buy The Stock Despite The Recent Surge In Price|
seekingalpha.com - December 14 at 7:20 PM
|MONROE CAPITAL CORP Files SEC form 8-K, Regulation FD Disclosure|
biz.yahoo.com - December 6 at 9:54 AM
Monroe Capital Corp (MRCC) Chart for Tuesday, May, 30, 2017