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 Ratio0.80%
Current Ratio1.85%
Quick Ratio1.85%
Price-To-Earnings
Trailing P/E Ratio9.04
Forward P/E Ratio8.64
P/E GrowthN/A
Sales & Book Value
Annual Sales$51.11 million
Price / Sales5.00
Cash Flow$1.2812 per share
Price / Cash9.85
Book Value$13.77 per share
Price / Book0.92
Profitability
EPS (Most Recent Fiscal Year)$1.40
Net Income$12.15 million
Net Margins23.78%
Return on Equity9.58%
Return on Assets5.60%
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. Shareholders of record on Friday, March 16th will be given a dividend of $0.35 per share on Friday, March 30th. This represents a $1.40 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date 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 Wednesday, March, 14th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.01. The financial services provider had revenue of $13.36 million for the quarter, compared to analyst estimates of $13.35 million. Monroe Capital had a return on equity of 9.58% and a net margin of 23.78%. View Monroe Capital's Earnings History.
When is Monroe Capital's next earnings date?
What price target have analysts set for MRCC?
3 brokerages have issued 1 year price targets for Monroe Capital's shares. Their predictions range from $13.50 to $17.00. On average, they expect Monroe Capital's stock 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. " (3/21/2018)
- 2. National Securities analysts commented, "• For 4Q17, Monroe earned adjusted NII/share of $0.35/share which matched both our estimate and the quarterly dividend. The company earned the dividend with the support of $58,000 in fee waivers although we expect the dividend to be out-earned in 1Q18. Notably, the portfolio at cost increased to $507.6 million from $439.9 million Q/Q but management noted that the majority of originations closed late in the quarter. Thus, we expect a significant increase in interest income Q/Q will drive earnings growth and dividend coverage absent waivers.
• NAV/share declined Q/Q to $13.77 from $14.01 as a result of further write-downs on Rockdale Blackhawk’s equity as well as TPP Operating Inc. While Rockdale’s loans continue to perform, the equity was marked down by $9.7 million during 2017. TPP Operating Inc. has continued to struggle despite a new management team and strategy and was written down by $5.3 million on the year.
• In November 2017 Monroe announced a 50/50 joint venture with National Life into a SLF (senior loan fund) that will target total investable capital of $300.0 million. The company allocated $9.5 million into the SLF in 4Q17 and management stated that they expect to get a bank revolver in place for the vehicle by 3/31/18. We expect that as more capital is allocated to the SLF and leverage ramps that the vehicle will generate double digit returns on equity for MRCC and improve overall portfolio yields and thus earnings. Management was very specific to state that they were in no rush to grow the SLF and would do it at a measured pace although we expect the opportunity set for SLF loans will likely be large enough for them to grow this vehicle at a respectable pace the next two years.
• We are revising our 2018 adjusted NII/share estimate to $1.45 from $1.47 and are rolling out our 2019 adjusted NII/share estimate of $1.51." (3/16/2018)
Who are some of Monroe Capital's key competitors?
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?
Media coverage about MRCC stock has been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monroe Capital earned a daily sentiment score of 0.00 on Accern's scale. They also gave news articles about the financial services provider an impact score of 45.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
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 $12.62.
How big of a company is Monroe Capital?
Monroe Capital has a market capitalization of $256.24 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 22.82%. 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 | 3.00 | 3.00 | 2.80 |
| Ratings Breakdown: | 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)
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)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.50 | $16.50 | $16.6667 | $16.50 |
| Price Target Upside: | 22.82% upside | 33.71% upside | 17.54% upside | 16.86% upside |
Monroe Capital (NASDAQ:MRCC) Consensus Price Target History
Monroe Capital (NASDAQ:MRCC) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Monroe Capital (NASDAQ:MRCC) Dividend Information
Monroe Capital pays an annual dividend of $1.40 per share, with a dividend yield of 11.09%. 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: | 11.09% |
| Payout Ratio: | 100.00% (Trailing 12 Months of Earnings)
95.89% (Based on This Year's Estimates)
90.32% (Based on Next Year's Estimates)
|
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: 1.80%
Institutional Ownership Percentage: 28.50%
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 Monday, April, 23, 2018
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