Monroe Capital Corp Company Profile (NASDAQ:MRCC)

Monroe Capital Corp trades on the NASDAQ under the ticker symbol "MRCC."

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.

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.

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.

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)

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).

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

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.

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.

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.

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.

One share of Monroe Capital Corp stock can currently be purchased for approximately $15.61.