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 Date5/14/2019 (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 declared a quarterly dividend on Wednesday, March 6th. Shareholders 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 yield of 11.33%. 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 data on Tuesday, March, 5th. The financial services provider reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. Monroe Capital had a net margin of 10.02% and a return on equity of 11.96%. View Monroe Capital's Earnings History.
When is Monroe Capital's next earnings date?
What price target have analysts set for MRCC?
5 Wall Street analysts have issued twelve-month target prices for Monroe Capital's stock. Their predictions 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 3.8% 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. " (3/13/2019)
- 2. National Securities analysts commented, "▪ MRCC posted adjusted NII/share of $0.38 for 4Q18, a penny short of our estimate but well above the $0.35/share quarterly dividend. However, we note that the incentive fee was not earned for the second consecutive quarter due to further declines in NAV. We think that there will be no incentive fee in 1Q19 and a partial incentive fee in 2Q19.
▪ NAV/share decreased Q/Q to $12.66 from $12.97 and Y/Y from $13.77. Monroe had $24.4mm of realized losses on the quarter which we expect were driven by the exit of previous non-accruals TPP Operating and Millennial Brands. At 9/30/18, these companies had a combined $21.3mm of unrealized depreciation. Education Corporation of America (ECA) was placed on non-accrual during the quarter with a total cost (both loan and preferred) of $9.8mm. The loan continued to be carried at cost but the preferred was marked down to 61% of cost. In aggregate, non-accruals were marked at 83% of cost and we think it is certainly possible for these to be marked down further going forward. Also, with new credit issues continuing to pop up we think the market will likely take a “wait and see” approach with MRCC before deciding to give shares a higher valuation.
▪ Although Monroe has ample dry powder for portfolio growth as regulatory D/E (excluding the SBIC) finished 2018 at 0.53x and the company upsized its credit facility and reduced its asset coverage requirement, we expect little incremental benefit for shareholders as base fees were not scaled down over 1.00x D/E.
▪ We are revising our 2019 adjusted NII/share estimate to $1.57 from $1.50 (due to reduced incentive fees modeled) and are rolling out our 2020 adjusted NII/share estimate of $1.58." (3/7/2019)
Has Monroe Capital been receiving favorable news coverage?
Headlines about MRCC stock have been trending somewhat negative on Wednesday, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Monroe Capital earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the near term.
Who are some of Monroe Capital's key competitors?
Some companies that are related to Monroe Capital include Victory Capital (VCTR), PJT Partners (PJT), Och-Ziff Capital Management Group (OZM), 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) and Great Elm Capital (GECC).
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 number of of retail and institutional investors. Top institutional investors include Advisors Asset Management Inc. (1.15%), Cliffwater LLC (1.06%), Van ECK Associates Corp (0.81%), Janney Montgomery Scott LLC (0.70%), Commonwealth Equity Services LLC (0.70%) and CIBC Private Wealth Group LLC (0.57%). 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 Raymond James & Associates, Stephens Inc. AR, WESPAC Advisors LLC, Chicago Partners Investment Group LLC, Rothschild Investment Corp IL, Janney Montgomery Scott LLC, Sumitomo Mitsui Asset Management Company LTD and Advisors Asset Management Inc.. 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 Freestone Capital Holdings LLC, West Family Investments Inc., Wiley BROS. Aintree Capital LLC, Commonwealth Equity Services LLC, Stifel Financial Corp, Two Sigma Investments LP, CFO4Life Group LLC and Oppenheimer & Co. 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 $12.36.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $252.64 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.
