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
Industry Investment advice
Sub-IndustryN/A
SectorFinance
Phone312-258-8300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$58.38 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable
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 Wednesday, March 6th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.35 per share on Friday, March 29th. This represents a $1.40 annualized dividend and a dividend yield of 11.52%. The ex-dividend date is Thursday, March 14th. View Monroe Capital's Dividend History.
How were Monroe Capital's earnings last quarter?
Monroe Capital Corp (NASDAQ:MRCC) released its quarterly earnings results on Tuesday, May, 7th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.38 by $0.03. The financial services provider had revenue of $16.16 million for the quarter, compared to analyst estimates of $16.58 million. Monroe Capital had a net margin of 19.97% and a return on equity of 11.59%. View Monroe Capital's Earnings History.
When is Monroe Capital's next earnings date?
What price target have analysts set for MRCC?
5 analysts have issued twelve-month price targets for Monroe Capital's shares. Their forecasts range from $12.50 to $13.00. On average, they anticipate Monroe Capital's stock price to reach $12.8333 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Monroe Capital.
What is the consensus analysts' recommendation for Monroe Capital?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monroe Capital in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. " (5/11/2019)
- 2. National Securities analysts commented, "▪ MRCC posted adjusted NII/share of $0.35 for 1Q19, well below our estimate of $0.41 but matching the quarterly dividend. The company waived $281K of incentive fees during the quarter and without this waiver adjusted NII/share would have been $0.33/share and would be short of the dividend.
▪ In both 3Q18 and 4Q18, Monroe didn’t earn an incentive fee as credit quality issues and negative marks from spread widening at the end of 2018 induced NAV/share declines. With NAV/share up a penny Q/Q for 1Q19, the company earned $1.6mm of incentive fees (not counting the waiver). Portfolio growth was robust on the quarter with $70.1mm of originations and $29.1mm of repayments and sales, leading the book at cost to grow to $605.6mm from $564.1mm Q/Q.
▪ The entire Monroe platform had a record first quarter of originations with $1 billion committed and funded. We do expect to see meaningful portfolio growth at MRCC, both on-balance sheet and in the SLF which will likely drive NII above the dividend without waivers. However, the positive impact of increased leverage and balance sheet growth will likely be muted as there is no breakpoint in base management fees on assets purchased with D/E exceeding 1.00x.
▪ There were no further non-accruals although Incipio was marked down modestly. American Community Homes (ACH) was written down to 82% of cost from 85% the quarter prior for a $1.2mm impact or $0.06/share. Management deemed the mark technical in nature from the third-party valuation firm. The total cost of the position was $19.4mm at 3/31/19, representing 3.2% of the portfolio. While we don’t think it’s an issue now, the position being marked close to 80 leads us to believe it’s appropriate to monitor this closely.
▪ We are revising our 2019 adjusted NII/share estimate to $1.52 from $1.57 and maintaining our 2020 adjusted NII/share estimate of $1.58." (5/9/2019)
Has Monroe Capital been receiving favorable news coverage?
Media headlines about MRCC stock have trended positive this week, InfoTrie reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Monroe Capital earned a news impact score of 2.3 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.
Who are some of Monroe Capital's key competitors?
Some companies that are related to Monroe Capital include Och-Ziff Capital Management Group (OZM), PJT Partners (PJT), Virtus Investment Partners (VRTS), Pzena Investment Management (PZN), Barings BDC (BBDC), Diamond Hill Investment Group (DHIL), Fidus Investment (FDUS), Westwood Holdings Group (WHG), Value Line (VALU), Silvercrest Asset Management Group (SAMG), Saratoga Investment (SAR), StoneCastle Financial (BANX), Alcentra Capital (ABDC), Great Elm Capital (GECC) and Fifth Street Asset Management (FSAM).
What other stocks do shareholders of Monroe Capital own?
Who are Monroe Capital's key executives?
Monroe Capital's management team includes the folowing people:
- Mr. Theodore L. Koenig, Chairman, Pres & CEO (Age 60)
- Mr. Aaron D. Peck, Chief Investment Officer, CFO & Director (Age 48)
- Mr. David H. Jacobson, Chief Compliance Officer (Age 58)
Who are Monroe Capital's major shareholders?
Monroe Capital's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Blair William & Co. IL (3.71%), Ladenburg Thalmann Financial Services Inc. (1.55%), Advisors Asset Management Inc. (1.01%), Cliffwater LLC (0.93%), Muzinich & Co. Inc. (0.72%) and Commonwealth Equity Services LLC (0.66%). Company insiders that own Monroe Capital stock include Aaron Daniel Peck, Jeffrey A Golman, Jeffrey D Steele, Robert S Rubin 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., CIBC Private Wealth Group LLC, Freestone Capital Holdings LLC, Advisors Asset Management Inc., Resource America Inc., Cliffwater LLC, Chicago Partners Investment Group LLC and Janney Montgomery Scott LLC. View Insider Buying and Selling for Monroe Capital.
Which major investors are buying Monroe Capital stock?
MRCC stock was bought by a variety of institutional investors in the last quarter, including Ashfield Capital Partners LLC, Blair William & Co. IL, Ladenburg Thalmann Financial Services Inc., Bank of Montreal Can, GYL Financial Synergies LLC, GYL Financial Synergies LLC, Marshall Wace North America L.P. and First Allied Advisory Services Inc.. Company insiders that have bought Monroe Capital stock in the last two years include Aaron Daniel Peck, Jeffrey A Golman, Jeffrey D Steele, Robert S Rubin 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 $12.15.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $248.41 million and generates $58.38 million in revenue each year. The financial services provider earns $5.85 million in net income (profit) each year or $1.57 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.
