Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate. It focuses to invest in the United States and Canada. The fund focuses on companies with a maximum of $25 million in EBITDA per year.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investment advice
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MRCC
CUSIPN/A
Phone312-258-8300
Debt
Debt-to-Equity Ratio0.87
Current Ratio2.08
Quick Ratio2.08
Price-To-Earnings
Trailing P/E Ratio9.29
Forward P/E Ratio8.45
P/E GrowthN/A
Sales & Book Value
Annual Sales$51.11 million
Price / Sales5.21
Cash Flow$1.2815 per share
Price / Cash10.16
Book Value$13.77 per share
Price / Book0.95
Profitability
EPS (Most Recent Fiscal Year)$1.40
Net Income$12.15 million
Net Margins25.14%
Return on Equity10.95%
Return on Assets6.12%
Miscellaneous
EmployeesN/A
Outstanding Shares20,440,000
Market Cap$266.80 million
Monroe Capital (NASDAQ:MRCC) Frequently Asked Questions
What is Monroe Capital's stock symbol?
Monroe Capital trades on the NASDAQ under the ticker symbol "MRCC."
How often does Monroe Capital pay dividends? What is the dividend yield for Monroe Capital?
Monroe Capital declared a quarterly dividend on Monday, September 3rd. Investors of record on Friday, September 14th will be given a dividend of $0.35 per share on Friday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 10.75%. The ex-dividend date of this dividend is Thursday, September 13th. View Monroe Capital's Dividend History.
How were Monroe Capital's earnings last quarter?
Monroe Capital Corp (NASDAQ:MRCC) posted its quarterly earnings data on Tuesday, August, 7th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The financial services provider earned $14.82 million during the quarter, compared to the consensus estimate of $15.31 million. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%. View Monroe Capital's Earnings History.
When is Monroe Capital's next earnings date?
What price target have analysts set for MRCC?
2 equities research analysts have issued 1-year price objectives for Monroe Capital's shares. Their forecasts range from $14.00 to $16.00. On average, they expect Monroe Capital's stock price to reach $15.00 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Monroe Capital.
What is the consensus analysts' recommendation for Monroe Capital?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monroe Capital in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Monroe Capital.
What are Wall Street analysts saying about Monroe Capital stock?
Here are some recent quotes from research analysts about Monroe Capital stock:
- 1. National Securities analysts commented, " Monroe offered $60.0 million of 5.75% five-year unsecured notes with the underwriters being granted a 15% overallotment which we expect to be taken up in full. With the overallotment exercise and fees paid to underwriters, we model net proceeds to Monroe to total $66.5 million.
The company was wise to offer the notes when they did, in our opinion. Despite some widening in the BSL market credit spreads continue to remain very tight. We believe that the recent pushback by lenders in the BSL market from both a pricing and protection standpoint likely means spreads will widen in the beginning of 2019.
MRCC was able to offer and price its unsecured notes ahead of any material spread widening which would have likely caused the coupon on notes offered after such widening occurred to be significantly higher than what the company was currently able to achieve.
We note that the notes were attractively priced with Monroe’s credit facility having an effective interest cost of 4.93% during the 2Q18 quarter, less than 100 bps lower than the notes offered by Monroe. If LIBOR continues to increase and/or the amendment of the facility to reflect reduced asset coverage increases the spread over LIBOR, the coupon on the notes will look that much better for Monroe.
The company was upbeat about its pipeline on the earnings call for the 6/30/18 quarter and we think that the proceeds from the notes will be used to pay down the credit facility balance to $95.5 million from $125.6 million Q/Q with the rest of the proceeds being used to fund portfolio growth. At 9/30/18 we expect that the revolving credit facility will be 35% of funding, 2023 notes 22%, and SBA debentures 43%. We expect the $9.0 million overallotment exercise to fall into 4Q18. With the market remaining highly competitive we expect the company to prioritize growth in the SLF.
We are revising our 2018 adjusted NII/share estimate to $1.54 from $1.55 and our 2019 adjusted NII/share estimate to $1.58 from $1.60. We are maintaining our BUY rating and our $16 price target." (9/10/2018)
- 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. " (7/26/2018)
Who are some of Monroe Capital's key competitors?
Some companies that are related to Monroe Capital include PJT Partners (PJT), Virtus Investment Partners (VRTS), Och-Ziff Capital Management Group (OZM), Pzena Investment Management (PZN), Diamond Hill Investment Group (DHIL), Triangle Capital (TCAP), Barings BDC (BBDC), Victory Capital (VCTR), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Value Line (VALU), Silvercrest Asset Management Group (SAMG), Saratoga Investment (SAR), Gp Zgp (ZAIS) and StoneCastle Financial (BANX).
Who are Monroe Capital's key executives?
Monroe Capital's management team includes the folowing people:
- Mr. Theodore L. Koenig, Chairman, Pres & CEO (Age 59)
- Mr. Aaron D. Peck, Chief Investment Officer, CFO & Director (Age 47)
- Mr. David H. Jacobson, Chief Compliance Officer (Age 57)
Who are Monroe Capital's major shareholders?
Monroe Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Rothschild Investment Corp IL (0.52%) and Sumitomo Mitsui Asset Management Company LTD (0.30%). Company insiders that own Monroe Capital stock include Jeffrey A Golman, Jeffrey D Steele and Theodore L Koenig. View Institutional Ownership Trends for Monroe Capital.
Which institutional investors are selling Monroe Capital stock?
Which institutional investors are buying Monroe Capital stock?
MRCC stock was bought by a variety of institutional investors in the last quarter, including Rothschild Investment Corp IL. Company insiders that have bought Monroe Capital stock in the last two years include Jeffrey A Golman, Jeffrey D Steele and Theodore L Koenig. View Insider Buying and Selling for Monroe Capital.
How do I buy shares of Monroe Capital?
Shares of MRCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Monroe Capital's stock price today?
One share of MRCC stock can currently be purchased for approximately $13.02.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $266.80 million and generates $51.11 million in revenue each year. The financial services provider earns $12.15 million in net income (profit) each year or $1.40 on an earnings per share basis.
What is Monroe Capital's official website?
How can I contact Monroe Capital?
Monroe Capital's mailing address is 311 SOUTH WACKER DRIVE SUITE 6400, CHICAGO IL, 60606. The financial services provider can be reached via phone at 312-258-8300 or via email at [email protected]
MarketBeat Community Rating for Monroe Capital (NASDAQ MRCC)
MarketBeat's community ratings are surveys of what our community members think about Monroe Capital and other stocks. Vote "Outperform" if you believe MRCC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRCC will underperform the S&P 500 over the long term. You may vote once every thirty days.
