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 Ratio9.71
Forward P/E Ratio8.83
P/E GrowthN/A
Sales & Book Value
Annual Sales$51.11 million
Price / Sales5.44
Cash Flow$1.2722 per share
Price / Cash10.69
Book Value$13.77 per share
Price / Book0.99
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$280.70 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 announced a quarterly dividend on Monday, June 4th. Shareholders of record on Friday, June 15th will be given a dividend of $0.35 per share on Friday, June 29th. This represents a $1.40 annualized dividend and a yield of 10.29%. The ex-dividend date of this dividend is Thursday, June 14th. View Monroe Capital's Dividend History.
How were Monroe Capital's earnings last quarter?
Monroe Capital Corp (NASDAQ:MRCC) issued its quarterly earnings results on Tuesday, August, 7th. The financial services provider reported $0.39 earnings per share for the quarter, topping 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 analysts have issued 1 year target prices for Monroe Capital's shares. Their predictions range from $14.00 to $16.00. On average, they anticipate Monroe Capital's stock price to reach $15.00 in the next year. This suggests a possible upside of 10.3% 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 earned adjusted NII/share of $0.39 for 2Q18, well ahead of our $0.36/share estimate and the quarterly dividend of $0.35/share. We note that the company did not earn its full incentive fee and that if it had adjusted NII/share would have been $0.35.
The JV is growing quickly and we expect Monroe to prioritize capital allocation to the vehicle. At 6/30/18, the SLF had $94.7 million of senior secured loans across 28 different borrowers compared to $29.4 million of loans across 8 borrowers at year-end 2017. We expect MRCC’s SLF equity interests to increase from 3.5% of the portfolio at cost in 2Q18 to 5.5% by the end of 2018 and to 8.1% of the portfolio in 4Q19.
Management was upbeat about their pipeline for the remainder of 2018, leading us anticipate robust portfolio growth through 2H18 as well as 2019. Monroe received shareholder approval to reduce asset coverage and we expect that the growth in the portfolio using increased leverage will bolster NII ROAE going forward. Management has still not yet stated what, if anything, they will do with the fee structure as it pertains to increasing leverage. Given they did not proactively express their desire to cut fees when first seeking the increased leverage we do not model this into our assumptions although it would be highly beneficial to shareholders if MRCC would cut its base fee.
TPP Operating was marked down on the quarter with unrealized losses increasing to $21.3 million from $17.6 million Q/Q and Rockdale’s equity was marked down but its debt was marked up for a slightly positive change in unrealized gains. Two new non-accruals popped up: Gibson Brands and Incipio Technologies.
We are revising our 2018 adjusted NII/share estimate to $1.55 from $1.51 and our 2019 NII/share estimate to $1.60 from $1.58. We are maintaining our BUY rating and lowering our price target to $16 from $17." (8/13/2018)
- 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 Och-Ziff Capital Management Group (OZM), Virtus Investment Partners (VRTS), Victory Capital (VCTR), Diamond Hill Investment Group (DHIL), Pzena Investment Management (PZN), Triangle Capital (BBDC), Triangle Capital (TCAP), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Value Line (VALU), Silvercrest Asset Management Group (SAMG), Saratoga Investment (SAR), STONECASTLE Fin/COM (BANX), Gp Zgp (ZAIS) and Hennessy Advisors (HNNA).
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)
Has Monroe Capital been receiving favorable news coverage?
News stories about MRCC stock have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monroe Capital earned a coverage optimism score of 0.06 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 47.51 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Monroe Capital.
Who are Monroe Capital's major shareholders?
Monroe Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Advisors Asset Management Inc. (1.54%), Janney Montgomery Scott LLC (0.84%), Commonwealth Equity Services LLC (0.64%), Mckinley Capital Management LLC Delaware (0.59%), Sumitomo Mitsui Asset Management Company LTD (0.54%) and Stephens Inc. AR (0.48%). 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?
MRCC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Advisors Asset Management Inc., Raymond James & Associates, WESPAC Advisors LLC, BlackRock Inc., Mckinley Capital Management LLC Delaware, Janney Montgomery Scott LLC and Commonwealth Equity Services LLC. View Insider Buying and Selling for Monroe Capital.
Which institutional investors are buying Monroe Capital stock?
MRCC stock was acquired by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., Ashfield Capital Partners LLC, Raymond James Financial Services Advisors Inc., Palo Capital Inc., Stephens Inc. AR, BB&T Securities LLC and Clear Harbor Asset Management LLC. 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 $13.60.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $280.70 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 (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.
