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About Monroe Capital (NASDAQ:MRCC)
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 Investment advice
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MRCC
CUSIPN/A
Phone312-258-8300
Debt
Debt-to-Equity Ratio0.86
Current Ratio2.78
Quick Ratio2.78
Price-To-Earnings
Trailing P/E Ratio9.99
Forward P/E Ratio9.16
P/E GrowthN/A
Sales & Book Value
Annual Sales$51.11 million
Price / Sales5.51
Cash Flow$1.2901 per share
Price / Cash10.79
Book Value$13.49 per share
Price / Book1.03
Profitability
EPS (Most Recent Fiscal Year)$1.40
Net Income$12.15 million
Net Margins20.30%
Return on Equity10.16%
Return on Assets5.89%
Miscellaneous
EmployeesN/A
Outstanding Shares20,240,000
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 announced a quarterly dividend on Friday, March 2nd. Stockholders of record on Friday, March 16th will be paid a dividend of $0.35 per share on Friday, March 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Thursday, March 15th. View Monroe Capital's Dividend History.
How were Monroe Capital's earnings last quarter?
Monroe Capital (NASDAQ:MRCC) posted its quarterly earnings data on Tuesday, May, 8th. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.35 by $0.07. The financial services provider earned $14.95 million during the quarter, compared to analyst estimates of $14.69 million. Monroe Capital had a net margin of 20.30% and a return on equity of 10.16%. View Monroe Capital's Earnings History.
When is Monroe Capital's next earnings date?
What price target have analysts set for MRCC?
3 brokers have issued twelve-month price objectives for Monroe Capital's stock. Their predictions range from $13.50 to $17.00. On average, they expect Monroe Capital's share price to reach $15.50 in the next year. 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. 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. " (5/15/2018)
- 2. National Securities analysts commented, "• Monroe posted adjusted NII/share of $0.42 for 1Q18 versus our estimate of $0.36 and the dividend of $0.35. The earnings beat was largely attributable to the incentive fee not earned in full given the NAV decline Q/Q to $13.49 from $13.77.
• We expect Monroe to ramp its balance sheet leverage through 2019 as the company likely takes advantage of reduced asset coverage requirements. Monroe received Board approval to do so but is also seeking shareholder approval next month in order to expedite when the increased leverage is permitted, although we do not expect the company to exceed 1:1 on a regulatory basis through 2019.
• This should lead to very good earnings growth the next two years from what will likely be continued increases in NII ROAE. Another tailwind for effective yield and earnings will likely be increases in the SLF (senior loan fund) which comprised only 3.1% of the portfolio at cost as of 3/31/18. We expect Monroe to prioritize capital allocation to the SLF as credit spreads remain tight and the loan market highly competitive.
• The NAV decline on the quarter was a result of further write-downs on the usual suspects: TPP Operating Inc. and Rockdale Blackhawk. Rockdale was written down by another $2.3 million Q/Q ($0.11/share) and TPP was written down by $4.8 million ($0.24/share). TPP is now marked at 17% of cost and while we would like to think that’s the floor, given how troubled retail is, we would not be surprised to see further write-downs. However, we think as MRCC grows its portfolio and the investments have already been written down substantially that these two companies will not be as impactful on NAV going forward.
• We are revising our 2018 adjusted NII/share estimate to $1.51 from $1.47 and our 2019 adjusted NII/share estimate to $1.58 from $1.51." (5/14/2018)
Who are some of Monroe Capital's key competitors?
Some companies that are related to Monroe Capital include Och-Ziff Capital Management (OZM), Virtus Investment Partners (VRTS), Diamond Hill Investment Group (DHIL), Victory Capital (VCTR), Pzena Investment Management (PZN), Triangle Capital (TCAP), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Silvercrest Asset Management Group (SAMG), Value Line (VALU), Hennessy Advisors (HNNA), StoneCastle Financial (BANX), Gp Zgp (ZAIS), Saratoga Investment (SAR) and Great Elm Capital (GECC).
Who are Monroe Capital's key executives?
Monroe Capital'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
- Jeffrey D. Steele, Director
- Thomas J. Allison, Independent Director
- Jeffrey A. Golman, Independent Director
- Jorde M. Nathan, Independent Director
- Robert S. Rubin, Independent Director
Has Monroe Capital been receiving favorable news coverage?
Headlines about MRCC stock have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monroe Capital earned a media sentiment score of 0.19 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 46.61 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Monroe Capital's major shareholders?
Monroe Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Blair William & Co. IL (4.59%), Muzinich & Co. Inc. (2.80%), UBS Group AG (1.99%), Ladenburg Thalmann Financial Services Inc. (0.85%), Van ECK Associates Corp (0.74%) and Mckinley Capital Management LLC Delaware (0.68%). Company insiders that own Monroe Capital stock include Jeffrey D Steele and Theodore L Koenig. View Institutional Ownership Trends for Monroe Capital.
Which major investors are selling Monroe Capital stock?
MRCC stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., UBS Group AG, Atlantic Trust Group LLC, BlackRock Inc., Blair William & Co. IL and Van ECK Associates Corp. View Insider Buying and Selling for Monroe Capital.
Which major investors are buying Monroe Capital stock?
MRCC stock was acquired by a variety of institutional investors in the last quarter, including Opus Capital Group LLC, Resource America Inc., Ladenburg Thalmann Financial Services Inc., Oppenheimer & Co. Inc., WESPAC Advisors LLC, JPMorgan Chase & Co., Clear Harbor Asset Management LLC and Mckinley Capital Management LLC Delaware. Company insiders that have bought Monroe Capital stock in the last two years include 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 $13.92.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $280.53 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.
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 (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.
Monroe Capital (NASDAQ:MRCC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Monroe Capital in the last 12 months. Their average twelve-month price target is $15.50, suggesting that the stock has a possible upside of 11.35%. The high price target for MRCC is $17.00 and the low price target for MRCC is $13.50. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.67 | 3.00 | 2.75 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.50 | $15.50 | $16.6667 | $16.50 |
| Price Target Upside: | 11.35% upside | 25.61% upside | 17.54% upside | 16.36% upside |
Monroe Capital (NASDAQ:MRCC) Consensus Price Target History
Monroe Capital (NASDAQ:MRCC) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Monroe Capital (NASDAQ:MRCC) Dividend Information
Monroe Capital pays an annual dividend of $1.40 per share, with a dividend yield of 10.06%. MRCC's most recent quarterly dividend payment was Friday, March 30. Monroe Capital pays out 100.00% of its earnings out as a dividend.
| Most Recent Dividend: | 3/30/2018 |
| Annual Dividend: | $1.40 |
| Dividend Yield: | 10.06% |
| Payout Ratio(s): | 100.00% (Trailing 12 Months of Earnings)
92.11% (Based on This Year's Estimates)
89.17% (Based on Next Year's Estimates)
108.52% (Based on Cash Flow)
|
Monroe Capital (NASDAQ:MRCC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/2/2018 | quarterly | $0.35 | 10.9% | 3/15/2018 | 3/16/2018 | 3/30/2018 |
| 12/4/2017 | quarterly | $0.35 | 9.64% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 8/31/2017 | quarterly | $0.35 | 10.05% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 6/1/2017 | quarterly | $0.35 | 8.94% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 3/8/2017 | quarterly | $0.35 | 8.87% | 3/15/2017 | 3/17/2017 | 3/31/2017 |
| 12/1/2016 | quarterly | $0.35 | 9.21% | 12/13/2016 | 12/15/2016 | 12/30/2016 |
| 8/31/2016 | quarterly | $0.35 | 8.75% | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 6/2/2016 | quarterly | $0.35 | 9.45% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 3/4/2016 | quarterly | $0.35 | 10.76% | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 12/1/2015 | quarterly | $0.35 | 9.48% | 12/11/2015 | 12/15/2015 | 12/30/2015 |
| 9/2/2015 | quarterly | $0.35 | 9.43% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 6/2/2015 | quarterly | $0.35 | 9.35% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 3/9/2015 | quarterly | $0.35 | 9.17% | 3/18/2015 | 3/20/2015 | 3/31/2015 |
| 12/1/2014 | quarterly | $0.34 | | 12/11/2014 | 12/15/2014 | 12/30/2014 |
| 8/27/2014 | quarterly | $0.34 | 9.84% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/29/2014 | quarterly | $0.34 | 9.79% | 6/11/2014 | 6/13/2014 | 6/27/2014 |
| 3/7/2014 | quarterly | $0.34 | 10.31% | 3/14/2014 | 3/18/2014 | 3/28/2014 |
| 12/2/2013 | quarterly | $0.34 | 10.79% | 12/11/2013 | 12/13/2013 | 12/27/2013 |
| 8/30/2013 | quarterly | $0.34 | 9.73% | 9/11/2013 | 9/13/2013 | 9/27/2013 |
| 5/31/2013 | quarterly | $0.34 | 8.95% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 3/8/2013 | quarterly | $0.34 | 8.97% | 3/15/2013 | 3/19/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
Monroe Capital (NASDAQ MRCC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.90%
Institutional Ownership Percentage: 26.41%
Monroe Capital (NASDAQ MRCC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/16/2018 | Theodore L Koenig | Chairman | Buy | 27,367 | $12.36 | $338,256.12 | |  |
| 3/16/2018 | Theodore L. Koenig | CEO | Buy | 12,100 | $12.36 | $149,556.00 | | |
| 9/7/2017 | Theodore L. Koenig | Chairman | Buy | 21,800 | $13.61 | $296,698.00 | | |
| 6/20/2017 | Jeffrey D Steele | Director | Buy | 6,425 | $15.00 | $96,375.00 | 18,000 | |
| 6/13/2017 | Theodore L. Koenig | Chairman | Buy | 16,697 | $14.95 | $249,620.15 | | |
| 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 | 13,089 | |
| 12/16/2015 | Theodore L. Koenig | CEO | Buy | 8,752 | $13.64 | $119,377.28 | 13,085 | |
| 8/24/2015 | Theodore L Koenig | CEO | Buy | 4,200 | $13.81 | $58,002.00 | 4,330 | |
| 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 | 8,575 | |
| 11/18/2013 | Thomas Allison | Director | Buy | 4,000 | $12.82 | $51,280.00 | 7,729 | |
| 8/16/2013 | Jeffrey Steele | Director | Buy | 3,000 | $13.52 | $40,560.00 | 3,000 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Monroe Capital (NASDAQ MRCC) News Headlines
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Monroe Capital (NASDAQ:MRCC) SEC Filings
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Monroe Capital (NASDAQ:MRCC) Income Statement, Balance Sheet and Cash Flow Statement
Monroe Capital (NASDAQ MRCC) Stock Chart for Wednesday, May, 23, 2018
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