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 Ratio0.86
Current Ratio2.78
Quick Ratio2.78
Price-To-Earnings
Trailing P/E Ratio9.82
Forward P/E Ratio8.99
P/E GrowthN/A
Sales & Book Value
Annual Sales$51.11 million
Price / Sales5.45
Cash Flow$1.2815 per share
Price / Cash10.73
Book Value$13.77 per share
Price / Book1.00
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
Market Cap$278.91
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, June 4th. Investors 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 dividend on an annualized basis and a yield of 10.18%. 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) announced its quarterly earnings data on Tuesday, May, 8th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. The financial services provider earned $14.95 million during the quarter, compared to analysts' expectations 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 12-month price objectives for Monroe Capital's stock. Their forecasts range from $13.50 to $17.00. On average, they anticipate Monroe Capital's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price. View Analyst Ratings for Monroe Capital.
What is the consensus analysts' recommendation for Monroe Capital?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monroe Capital in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/11/2018)
- 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 Group (OZM), Virtus Investment Partners (VRTS), Victory Capital (VCTR), Diamond Hill Investment Group (DHIL), Pzena Investment Management (PZN), Triangle Capital (TCAP), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Silvercrest Asset Management Group (SAMG), Value Line (VALU), Saratoga Investment (SAR), STONECASTLE Fin/COM (BANX), Gp Zgp (ZAIS), Hennessy Advisors (HNNA) and Great Elm Capital (GECC).
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?
Media coverage about MRCC stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monroe Capital earned a news sentiment score of 0.08 on Accern's scale. They also gave headlines about the financial services provider an impact score of 45.93 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact 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 Mckinley Capital Management LLC Delaware (0.59%), Versant Capital Management Inc (0.18%), North Star Investment Management Corp. (0.12%) and Palo Capital Inc. (0.06%). 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 acquired by a variety of institutional investors in the last quarter, including North Star Investment Management Corp. and Palo Capital Inc.. 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 $13.75.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $278.91 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.
