Monroe Capital Corporation Company Profile (NASDAQ:MRCC)

About Monroe Capital Corporation (NASDAQ:MRCC)

Monroe Capital Corporation logoMonroe 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:
  • Sector: Finance
  • Industry: Corporate Financial Services - NEC
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MRCC
  • CUSIP: N/A
  • Web:
Average Prices:
  • 50 Day Moving Avg: $15.18
  • 200 Day Moving Avg: $15.53
  • 52 Week Range: $13.60 - $16.37
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 9.54
  • P/E Growth: 2.07
  • Annual Dividend: $1.40
  • Dividend Yield: 9.3%
  • Net Margins: 41.75%
  • Return on Equity: 10.23%
  • Return on Assets: 5.77%
  • Debt-to-Equity Ratio: 0.81%
  • Current Ratio: 3.18%
  • Quick Ratio: 3.18%
  • Average Volume: 105,724 shs.
  • Beta: 0.56

Frequently Asked Questions for Monroe Capital Corporation (NASDAQ:MRCC)

What is Monroe Capital Corporation's stock symbol?

Monroe Capital Corporation trades on the NASDAQ under the ticker symbol "MRCC."

How often does Monroe Capital Corporation pay dividends? What is the dividend yield for Monroe Capital Corporation?

Monroe Capital Corporation announced a quarterly dividend on Thursday, June 1st. Investors of record on Thursday, June 15th will be given a dividend of $0.35 per share on Friday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 9.35%. The ex-dividend date of this dividend is Tuesday, June 13th. View Monroe Capital Corporation's Dividend History.

How were Monroe Capital Corporation's earnings last quarter?

Monroe Capital Corporation (NASDAQ:MRCC) posted its quarterly earnings results on Tuesday, May, 9th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. The company had revenue of $12.01 million for the quarter, compared to analysts' expectations of $12.36 million. Monroe Capital Corporation had a return on equity of 10.23% and a net margin of 41.75%. View Monroe Capital Corporation's Earnings History.

Where is Monroe Capital Corporation's stock going? Where will Monroe Capital Corporation's stock price be in 2017?

7 brokerages have issued 12 month price objectives for Monroe Capital Corporation's shares. Their forecasts range from $16.00 to $18.50. On average, they anticipate Monroe Capital Corporation's stock price to reach $16.90 in the next twelve months. View Analyst Ratings for Monroe Capital Corporation.

What are analysts saying about Monroe Capital Corporation stock?

Here are some recent quotes from research analysts about Monroe Capital Corporation stock:

  • 1. National Securities analysts commented, "• Monroe is offering 3.0 million shares with a 450,000 share overallotment at $15.00/share, representing a 5% premium to 3/31/17 NAV/share of $14.34. We estimate that the green shoe will be exercised in full and that MRCC will receive net proceeds of $49.2 million.
    • The company finished 1Q17 with regulatory D/E (excluding SBA debentures) of 0.57x. We expect that the offering will permit the company to pay-down its credit facility balance to $112.0 million from $136.0 million and as a result regulatory D/E will likely decrease to 0.40x, by our estimates. Along with the deleveraging we expect Monroe will still achieve Q/Q portfolio growth of $32.7 million at fair value.
    • We expect the accretive offering and our expectations of positive credit trends in the portfolio to contribute to a NAV/share increase to $14.48 from $14.34 Q/Q, generating an annualized economic return of 13.6%. With the spare capacity on the credit facility and access to an additional $55.0 million of SBA debentures we do not anticipate MRCC will require further equity issuance until 2Q18 to achieve robust portfolio growth.
    • We are revising our 2017 adjusted NII/share estimate to $1.46 from $1.49 and our 2018 adjusted NII/share estimate to $1.57 from $1.58." (6/12/2017)
  • 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. " (5/10/2017)
  • 3. FBR & Co analysts commented, "MRCC reported 4Q16 adjusted net investment income EPS of $0.35, below our estimate of $0.39 and the consensus of $0.38. The 4Q16 miss was due primarily to lower total revenues QOQ despite an increase in earning asset volumes QOQ. The lower revenue was due to lower dividends from portfolio company Rockdale Blackhawk, which in the first nine months of 2016 up-streamed $3.5M of dividends (or $0.21/share) to MRCC, as well as lower origination fees in 4Q16 QOQ. While 4Q16 earnings fully covered the dividend of $0.35, this was aided by a $0.02/ share management fee waiver. Asset quality remains solid as NAV/share increased $0.10 QOQ due to unrealized investment appreciation. Going forward, we believe MRCC remains well positioned to grow given we estimate it has $167M in untapped lending potential (including SBA borrowings), or 40% of 4Q16 investment assets at fair value. We note that management remains cautious on a turn in the credit cycle; thus, lower-yielding first-lien debts are likely to remain the focus going forward." (3/10/2017)

Who are some of Monroe Capital Corporation's key competitors?

Who are Monroe Capital Corporation's key executives?

Monroe Capital Corporation'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

Who owns Monroe Capital Corporation stock?

Monroe Capital Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.00%), Salzhauer Michael (0.00%), North Star Investment Management Corp. (0.00%) and Liberty Capital Management Inc. (0.00%). Company insiders that own Monroe Capital Corporation stock include Jeffrey D Steele and Theodore L Koenig. View Institutional Ownership Trends for Monroe Capital Corporation.

Who bought Monroe Capital Corporation stock? Who is buying Monroe Capital Corporation stock?

Monroe Capital Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Liberty Capital Management Inc., North Star Investment Management Corp. and Salzhauer Michael. Company insiders that have bought Monroe Capital Corporation stock in the last two years include Jeffrey D Steele and Theodore L Koenig. View Insider Buying and Selling for Monroe Capital Corporation.

How do I buy Monroe Capital Corporation stock?

Shares of Monroe Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Monroe Capital Corporation's stock price today?

One share of Monroe Capital Corporation stock can currently be purchased for approximately $14.97.

MarketBeat Community Rating for Monroe Capital Corporation (NASDAQ MRCC)
Community Ranking:  3.5 out of 5 (   )
Outperform Votes:  143 (Vote Outperform)
Underperform Votes:  63 (Vote Underperform)
Total Votes:  206
MarketBeat's community ratings are surveys of what our community members think about Monroe Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Monroe Capital Corporation (NASDAQ:MRCC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: $16.90 (12.89% upside)

Analysts' Ratings History for Monroe Capital Corporation (NASDAQ:MRCC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/12/2017National SecuritiesReiterated RatingBuy$17.00LowView Rating Details
3/10/2017FBR & CoReiterated RatingBuy$17.00N/AView Rating Details
1/9/2017Robert W. BairdDowngradeOutperform -> Neutral$16.00N/AView Rating Details
11/9/2016JMP SecuritiesReiterated RatingBuyN/AView Rating Details
8/16/2016Raymond James Financial, Inc.Initiated CoverageOutperform$18.50N/AView Rating Details
8/10/2016Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralN/AView Rating Details
7/21/2016WunderlichBoost Price TargetBuy$15.50 -> $16.00N/AView Rating Details
4/27/2016Janney Montgomery ScottReiterated RatingBuyN/AView Rating Details
11/10/2015Oppenheimer Holdings, Inc.Reiterated RatingBuy$15.00N/AView Rating Details
(Data available from 7/21/2015 forward)


Earnings History for Monroe Capital Corporation (NASDAQ:MRCC)
Earnings by Quarter for Monroe Capital Corporation (NASDAQ:MRCC)
Earnings History by Quarter for Monroe Capital Corporation (NASDAQ MRCC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/9/2017Q1 2017$0.36$0.36$12.36 million$12.01 millionViewListenView Earnings Details
3/7/2017Q4 2016$0.38$0.35$11.96 million$11.23 millionViewListenView Earnings Details
11/7/2016Q3$0.39$0.36$11.33 million$11.13 millionViewListenView Earnings Details
5/10/2016Q1$0.39$0.44$10.45 million$11.54 millionViewN/AView Earnings Details
3/4/2016Q4$0.40$0.39$10.19 million$10.13 millionViewN/AView Earnings Details
11/9/2015Q315$0.40$0.36$9.34 million$9.17 millionViewN/AView Earnings Details
8/10/2015Q215$0.37$0.43$8.26 million$9.52 millionViewListenView Earnings Details
5/11/2015Q1$0.39$0.44$7.74 million$8.08 millionViewN/AView Earnings Details
3/6/2015Q414$0.37$0.48$7.59 million$8.68 millionViewN/AView Earnings Details
11/10/2014Q3 2014$0.36$0.39$7.29 million$7.67 millionViewN/AView Earnings Details
8/11/2014Q2 2014$0.33$0.37$6.73 million$7.05 millionViewN/AView Earnings Details
5/12/2014Q1 2014$0.30$0.32$6.30 million$6.52 millionViewN/AView Earnings Details
3/7/2014Q413$0.28$0.31$5.34 millionViewN/AView Earnings Details
11/12/2013$0.28$0.27ViewN/AView Earnings Details
8/13/2013$0.33$0.27ViewN/AView Earnings Details
5/14/2013$0.33$0.29ViewN/AView Earnings Details
3/8/2013Q412$0.20$0.15$1.82 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Monroe Capital Corporation (NASDAQ:MRCC)
2017 EPS Consensus Estimate: $1.49
2018 EPS Consensus Estimate: $1.59
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.35$0.41$0.38
Q2 20173$0.36$0.37$0.36
Q3 20173$0.35$0.38$0.37
Q4 20173$0.35$0.40$0.38
Q1 20182$0.36$0.38$0.37
Q2 20182$0.39$0.40$0.40
Q3 20182$0.40$0.42$0.41
Q4 20182$0.39$0.43$0.41
(Data provided by Zacks Investment Research)


Current Dividend Information for Monroe Capital Corporation (NASDAQ:MRCC)
Most Recent Dividend:6/30/2017
Annual Dividend:$1.40
Dividend Yield:9.35%
Payout Ratio:112.90% (Trailing 12 Months of Earnings)
96.55% (Based on This Year's Estimates)
89.17% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Monroe Capital Corporation (NASDAQ:MRCC)

Dividend History by Quarter for Monroe Capital Corporation (NASDAQ MRCC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Monroe Capital Corporation (NASDAQ:MRCC)
Insider Ownership Percentage: 1.90%
Institutional Ownership Percentage: 27.54%
Insider Trades by Quarter for Monroe Capital Corporation (NASDAQ:MRCC)
Institutional Ownership by Quarter for Monroe Capital Corporation (NASDAQ:MRCC)
Insider Trades by Quarter for Monroe Capital Corporation (NASDAQ:MRCC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/20/2017Jeffrey D SteeleDirectorBuy6,425$15.00$96,375.00View SEC Filing  
6/13/2017Theodore L. KoenigChairmanBuy16,697$14.95$249,620.15View SEC Filing  
5/11/2017Theodore L. KoenigChairmanBuy5,710$15.49$88,447.90View SEC Filing  
12/9/2016Theodore L. KoenigChairmanBuy18,773$15.29$287,039.17View SEC Filing  
3/17/2016Theodore L KoenigCEOBuy7,017$13.98$98,097.66View SEC Filing  
12/16/2015Theodore L. KoenigCEOBuy8,752$13.64$119,377.28View SEC Filing  
8/24/2015Theodore L KoenigCEOBuy4,200$13.81$58,002.00View SEC Filing  
12/6/2013Theodore KoenigCEOBuy15,564$12.51$194,705.64View SEC Filing  
12/4/2013Theodore KoenigCEOBuy19,136$12.68$242,644.48View SEC Filing  
11/30/2013Jeffrey SteeleDirectorBuy5,575$13.00$72,475.00View SEC Filing  
11/18/2013Thomas AllisonDirectorBuy4,000$12.82$51,280.00View SEC Filing  
8/16/2013Jeffrey SteeleDirectorBuy3,000$13.52$40,560.00View SEC Filing  
8/16/2013Theodore KoenigCEOBuy16,224$13.50$219,024.00View SEC Filing  
8/15/2013Theodore KoenigInsiderBuy18,000$13.63$245,340.00View SEC Filing  
10/24/2012Aaron Daniel PeckCFOBuy3,400$15.00$51,000.00View SEC Filing  
10/24/2012Robert S RubinDirectorBuy16,500$15.00$247,500.00View SEC Filing  
10/24/2012Theodore L KoenigCEOBuy66,667$15.00$1,000,005.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Monroe Capital Corporation (NASDAQ:MRCC)
Latest Headlines for Monroe Capital Corporation (NASDAQ:MRCC)
DateHeadline logoMonroe Capital Corporation Schedules Second Quarter 2017 Earnings Release and Conference Call - July 21 at 2:43 AM logoZacks: Analysts Expect Monroe Capital Corporation (NASDAQ:MRCC) Will Announce Quarterly Sales of $12.40 Million - July 19 at 5:58 PM logoMonroe Capital Corporation (NASDAQ:MRCC) Expected to Announce Earnings of $0.36 Per Share - July 17 at 11:42 AM logoNewStar Financial (NEWS) and Monroe Capital Corporation (NASDAQ:MRCC) Financial Contrast - July 13 at 8:10 AM logoMonroe Capital Corporation (NASDAQ:MRCC) versus NewStar Financial (NEWS) Head to Head Contrast - July 11 at 7:50 AM logoAnalyzing Monroe Capital Corporation (MRCC) & Federal Agricultural Mortgage Corp. (AGM.A) - July 7 at 2:10 PM logoHead to Head Contrast: Federal Agricultural Mortgage Corporation (AGM) versus Monroe Capital Corporation (MRCC) - July 5 at 4:26 PM logoMonroe Capital Corporation (MRCC) Receives Average Rating of "Buy" from Analysts - June 26 at 8:13 PM logoMonroe Capital Corporation (MRCC) Expected to Post Quarterly Sales of $12.40 Million - June 22 at 9:40 AM logoMonroe Capital Corporation (MRCC) Director Purchases $96,375.00 in Stock - June 21 at 4:35 PM logoZacks: Brokerages Expect Monroe Capital Corporation (MRCC) to Post $0.36 EPS - June 20 at 10:26 PM logoQ2 2017 EPS Estimates for Monroe Capital Corporation Decreased by Analyst (MRCC) - June 20 at 7:45 AM logoMonroe Capital Corporation (MRCC) Chairman Theodore L. Koenig Buys 16,697 Shares - June 14 at 8:00 PM logoNational Securities Reiterates Buy Rating for Monroe Capital Corporation (MRCC) - June 12 at 9:16 AM logoMonroe Capital (MRCC) Plans Offering of Common Stock - June 9 at 8:45 AM logoMonroe Capital Corporation Announces Public Offering of Common Shares - June 8 at 7:34 PM logoMonroe Capital Corp Announces Quarterly Dividend of $0.35 (MRCC) - June 1 at 6:26 PM logoMonroe Capital Corporation Announces Second Quarter Distribution of $0.35 Per Share - May 31 at 4:34 PM logoMonroe Capital Corp (MRCC) Receives Consensus Recommendation of "Buy" from Brokerages - May 30 at 8:33 PM logo$12.29 Million in Sales Expected for Monroe Capital Corp (MRCC) This Quarter - May 27 at 8:04 AM logoMonroe Capital Corp (MRCC) Rating Reiterated by National Securities - May 15 at 9:50 AM logoMonroe Capital Corp to Post Q4 2018 Earnings of $0.43 Per Share, FBR & Co Forecasts (MRCC) - May 15 at 9:50 AM logoMonroe Capital Corp (MRCC) Expected to Earn Q2 2017 Earnings of $0.36 Per Share - May 15 at 7:40 AM logoZacks Investment Research Downgrades Monroe Capital Corp (MRCC) to Sell - May 14 at 10:56 PM logoEdited Transcript of MRCC earnings conference call or presentation 10-May-17 4:00pm GMT - May 13 at 12:16 AM logoTheodore L. Koenig Buys 5,710 Shares of Monroe Capital Corp (MRCC) Stock - May 12 at 8:00 PM logoResearch Analysts Set Expectations for Monroe Capital Corp's Q3 2017 Earnings (MRCC) - May 12 at 11:23 AM logoQ2 2017 EPS Estimates for Monroe Capital Corp (MRCC) Lowered by FBR & Co - May 12 at 9:53 AM logoBrokers Offer Predictions for Monroe Capital Corp's Q2 2017 Earnings (MRCC) - May 11 at 8:10 AM logoMonroe Capital Corp (MRCC) Issues Earnings Results - May 10 at 11:48 PM logoMonroe Capital's (MRCC) CEO Theodore Koenig on Q1 2017 Results - Earnings Call Transcript - May 10 at 11:42 PM logoInvestor Network: Monroe Capital Corp. to Host Earnings Call - May 10 at 12:15 PM logoMonroe Capital Corporation BDC Announces First Quarter Financial Results - May 9 at 6:19 PM logoMonroe Capital meets 1Q profit forecasts - May 9 at 5:44 PM logoMonroe Capital Corp (MRCC) Receives Consensus Rating of "Buy" from Brokerages - May 5 at 12:37 PM logo Analysts Expect Monroe Capital Corp (MRCC) Will Post Quarterly Sales of $12.43 Million - May 4 at 1:16 PM logoMonroe Capital Corp (MRCC) Getting Positive News Coverage, AlphaOne Reports - May 4 at 1:21 AM logoZacks: Brokerages Anticipate Monroe Capital Corp (MRCC) to Post $0.37 Earnings Per Share - May 2 at 2:08 PM logoMonroe Capital Corp (MRCC) Earns Media Impact Rating of -0.12 - April 28 at 12:40 PM logoSixth Portfolio Review - 'The Accelerated Dividend Portfolio' - April 26 at 6:39 PM logoSomewhat Positive Press Coverage Likely to Impact Monroe Capital Corp (MRCC) Share Price - April 25 at 9:24 PM logoMonroe Capital Corporation Schedules First Quarter 2017 Earnings Release and Conference Call - April 24 at 5:49 PM logoMonroe Capital Corp (MRCC) Earning Positive News Coverage, Study Finds - April 21 at 11:15 PM logoMonroe Capital Corp (MRCC) Downgraded to "Neutral" at Robert W. Baird - April 15 at 4:53 PM logoZacks: Brokerages Expect Monroe Capital Corp (MRCC) Will Post Quarterly Sales of $12.43 Million - April 13 at 12:42 PM logoZacks: Brokerages Anticipate Monroe Capital Corp (MRCC) to Announce $0.37 EPS - April 11 at 8:45 AM logoMonroe Capital Corp (MRCC) Short Interest Update - April 8 at 9:32 AM logoMonroe Capital Corporation (MRCC) Ex-Dividend Date Scheduled for March 15, 2017 - Nasdaq - March 15 at 6:49 PM logoConsidering A BDC? Take A Look At Monroe Capital Corporation - March 14 at 11:02 AM logoEx-Div Reminder for Monroe Capital (MRCC) - March 13 at 6:21 PM



Monroe Capital Corporation (MRCC) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by Staff