Monroe Capital Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

Chicago, april 19, 2024 (globe newswire) -- monroe capital corporation (the “company”) (nasdaq: mrcc) announced today that it will report its first quarter 2024 financial results on wednesday, may 8, 2024, after the close of the financial markets.

Chicago--(business wire)--monroe capital llc (“monroe”) announced it acted as the sole lead arranger and administrative agent in the funding of a senior credit facility to support the growth of exiger, alongside private equity sponsors carlyle, insight partners, and jmi. based in new york, ny, exiger is the market leading saas company revolutionizing the way corporations, government agencies and banks manage supply chains. exiger provides mission-critical enterprise software that delivers visib.

Chicago--(business wire)--monroe capital llc (“monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of touchmath by leeds equity partners. founded in 1975 and based in colorado springs, co, touchmath is a leading provider of multisensory math curriculum designed to help students with learning disabilities and those struggling with math concepts understand and master mathematics. touchmath provides high-q.

Chicago--(business wire)--monroe capital llc (“monroe”) today announced it has expanded its platform to the middle east with the appointment of waleed noor as managing director and head of middle east distribution. monroe is in the process of opening an office in abu dhabi. mr. noor will be based in abu dhabi and be responsible for representing monroe throughout the region. prior to monroe, mr. noor was a managing director, head of structured solutions sales (mea region) at commerzbank ag, wher.

Chicago, march 11, 2024 (globe newswire) -- monroe capital corporation (nasdaq: mrcc) (“monroe”) today announced its financial results for the fourth quarter and full year ended december 31, 2023.

CHICAGO, April 19, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its first quarter 2024 financial results on Wednesday, May 8, 2024, after the close of the financial markets.

Monroe Capital's stock price has declined in the past three years, but the company remains fundamentally sound with strong end markets and a fully covered dividend. The company is well-positioned in the lower middle private credit market, which has seen growth due to tightening lending policies and increased demand from lower- and middle-market companies. Monroe Capital has improved its debt and liquidity position, has a strong portfolio credit quality, and is actively seeking attractive investment opportunities.

Monroe Capital (MRCC) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.25 per share a year ago.

Monroe Capital is a small BDC and relatively unpopular one with a market cap of ~$150 million providing financing for companies in the US and Canada. Portfolio-wise the structure is quite conventional with ~80% located in first lien and a nice distribution among various sectors without any major focus into speculative areas. Yet, the fact that MRCC has one of the most indebted balance sheets and fully exhausted dividend coverage renders this investment overly speculative, even considering 14.4% yield.

Monroe Capital trades at a 26% discount to its net asset value, with persistent NAV headwinds affecting total returns. Investment income is declining as the BDC currently pays out 100% of NII. Credit underwriting is stable, but payment-in-kind income is rising, and the dividend could be reduced once the Fed starts cutting interest rates.

Monroe Capital (NASDAQ:MRCC ) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Ted Koenig - Chairman & Chief Executive Officer Mick Solimene - Chief Financial Officer & Chief Investment Officer Alex Parmacek - Deputy Portfolio Manager Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Operator Welcome to Monroe Capital Corporation's Third Quarter 2023 Earnings Conference Call. Before we begin, I would like to take the moment to remind our listeners that remarks made during this call today may contain certain forward statements -- forward-looking statements, including statements regarding our goals, strategies, beliefs, future financial operating results and cash flows.

Business development companies, or BDCs, typically have high dividend yields, as they are required to distribute nearly all of their earnings to shareholders. BDCs receive favorable tax treatment, and, in return, they aren't allowed to retain earnings in the same way other companies are.

CHICAGO, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its third quarter 2023 financial results on Wednesday, November 8, 2023, after the close of the financial markets.

Monroe Capital is paying its common shareholders a 13.5% dividend yield. The $0.25 per share quarterly distributions have remained stable for the last 3 years with the BDC paying out 92.6% of its fiscal 2023 second-quarter net investment income. Net asset value declined during the second quarter by $0.45, with the BDC currently trading at a 25% discount to NAV.

Monroe Capital (MRCC) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago.