|Bid||0.00 x 1400|
|Ask||0.00 x 1300|
|Day's Range||6.25 - 6.35|
|52 Week Range||3.56 - 12.10|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 05, 2020|
|Forward Dividend & Yield||1.00 (15.80%)|
|Ex-Dividend Date||Jun 12, 2020|
|1y Target Est||8.38|
CHICAGO, July 29, 2020 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its second quarter 2020 financial results on Wednesday, August 5, 2020, after the close of the financial markets. The Company will host a webcast and conference call to discuss these operating and financial results on Thursday, August 6, 2020 at 12:00 pm ET. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events.cfm. To participate in the conference call, please dial (877) 312-8807 approximately 10 minutes prior to the call. Please reference conference ID 7495377. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.ABOUT MONROE CAPITAL CORPORATION Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company’s investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroecap.com.ABOUT MONROE CAPITAL LLC Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco.Monroe has been recognized by Creditflux as the 2019 Best US Direct Lending Fund; Global M&A Network as the 2019 Small Middle Markets Lender of the Year; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit www.monroecap.com.FORWARD-LOOKING STATEMENTS This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.SOURCE: Monroe Capital Corporation Investor Contact:Aaron D. Peck Chief Investment Officer and Chief Financial Officer Monroe Capital Corporation (312) 523-2363 Email: firstname.lastname@example.org Media Contact:Caroline Collins BackBay Communications (617) 963-0065 Email: email@example.com
Monroe Capital (MRCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Antares Capital, the former lending unit of GE Capital, has laid off 10% of its staff or about 40 people, according to people familiar with the situation.
Wall Street observers hoped recent gains signaled the arrival of blue skies, but the COVID-19 storm is thundering on. Stocks started shedding gains this week on fears of a possible second wave of coronavirus infections and a grim forecast for the economy from the Federal Reserve.A situation like this is tailor-made for defensive stock plays – and that will naturally bring investors to look at high-yield dividend stocks. But not all dividend stocks are created equal. Top analysts from Oppenheimer have chimed in – and they are recommending high-yield dividend stocks for investors looking to find protection for their portfolio. Using TipRanks database, we’ve pulled up the details on some of Oppenheimer's recommendations. These are stocks with a specific set of clear attributes, that frequently indicate a strong defensive profile: a high dividend yield, over 8%; a Moderate Buy consensus view; and a considerable upside potential -- over 20%. So let’s take a closer look at three of Oppenheimer's picks.Monroe Capital (MRCC)We’ll start in the financial sector, with Monroe Capital. This private equity firm invests in the healthcare, media, retail, and tech sectors. These companies promote demographics that have less access to traditional capital resources; Monroe has stepped in to address the need.The company’s earnings took a hit in Q1, which was no surprise. The coronavirus economic hit was broad based and deep, so it was no surprise that MRCC reported 33 cents per share, or 5.7% below the forecasts. Revenue, at $16.2 million, was 2.5% below estimates, but up 8% year-over-year. Through all of that, Monroe has maintained its dividend payment. The company has an 8-year history of keeping the dividend reliable – an enviable record. Current earnings were not enough to keep the dividend at its 35-cent quarterly level; the next payment, due out on June 12, will be 25 cents per share. The downward adjustment is to keep the dividend in line with earnings. Even with the reduction, the dividend gives an annual yield of 12.2%, which is just plain stellar. Oppenheimer's Chris Kotowski sees plenty of reasons for optimism in MRCC’s long-term prospects. The 5-star analyst writes of the company, "We see relatively comfortable coverage in the next several quarters, a ~$10 NAV by year-end 2021 and see the stock as oversold relative to those expectations.""…management expects payment in 2Q20 on its $19M Rockdale Blackhawk position (currently in bankruptcy) following a favorable judgment. Proceeds will boost investment income once rotated into yielding assets or paying down debt. In addition, MRCC had ~$82M of liquidity at 3/31 across cash on balance sheet and its SBIC and the remaining draw on its credit facility, exceeding the unfunded commitment balance of $38.3M,” the analyst added.Kotowski gives MRCC a Buy rating, and his $10 price target suggests an upside of 31% for the coming year. (To watch Kotowski’s track record, click here.)Overall, MRCC shares have a Moderate Buy rating from the analyst consensus, based on 1 Buy and 2 Holds set in recent months. Rapid appreciation in the last couple of sessions has pushed the stock price near the $8 average price target. (See Monroe Capital stock analysis on TipRanks)Solar Senior Capital (SUNS)Next up is another finance company, Solar Senior Capital. SUNS is management investment company, in the externally managed non-diversified segment. Its primary investments are senior secured loans in mid-market companies with credit ratings below investment grade. Solar Senior invests first and second lien debt, as well as unitranche instruments.Solar avoided the big earnings hit that pummeled so many companies in Q1, and reported 35-cents EPS for the fifth quarter in a row. Along with the positive earnings, SUNS reported $234.1 million in net assets for the quarter, and $220 million in available capital.In area, SUNS did respond to the coronavirus epidemic. Starting in May, the company reduced its long-time stable dividend from 12 cents monthly to 10 cents. Management announced that the June payment will also be 10 cents per share. The reduced dividend payment annualizes to $1.20, and gives a yield of 9%. SUNS was reviews by Oppenheimer's Chris Kotowski, who saw reasons for buying in now. “The good news,” he wrote, “is that starting with an underlevered balance sheet and $21M of net repayments in the quarter and a well-priced debt issuance, SUNS has ample capital and liquidity to take advantage of the current market dislocation.”Kotowski rates SUNS a Buy and maintains a $15 price target, which implies a 21% upside potential. (To watch Kotowski’s track record, click here)SUNS has just two recent analyst reviews, but both are Buys, making the Moderate Buy analyst consensus rating unanimous. Shares are priced at $12.40, and the $16 average price target indicates room for 29% upside growth over the next 12 months. (See Solar Senior stock analysis on TipRanks)Outfront Media, Inc. (OUT)Last on our list is Outfront Media, a marketing company with a specialty in billboards and posters. The company uses electronic tech to update these traditional marketing staples, which remain an important part of urban marketing; billboard and posters, especially transit posters, have potential audiences in the millions. Outfront is, technically, a real estate investment trust – it owns advertising location properties, and leases them to the marketers.The economic slump in Q1 was hard on Outfront. The combination of social lockdowns and business and travel restrictions prevented normal operations, and outdoor advertising – which in these conditions did not pay for itself – took deep cuts. Even with that, OUT beat the Q1 earnings estimates. The company reported 28 cents per share, down 62% sequentially but beating the forecast by 33%. Looking ahead, however, analysts see SUNS entering a trough, with Q2 earnings estimated at a 21-cent net loss per share. On the dividend front, OUT paid out 38 cents per share in March, increasing the dividend from its long-term value of 36 cents. The new payment makes the yield 8.76%, a strong attraction for any income-minded investor.Covering this stock for Oppenheimer, analyst Ian Zaffino believes that Outfront holds a good position for long-term recovery, writing, “We continue to view June/July as the bottom and estimate a return to near preCOVID-19 levels sometime in 4Q20. Given OUT’s heavy exposure to the larger markets and national advertisers, it should enjoy a more aggressive recovery than its more local-focused peers.”Zaffino puts a $20 one-year price target on OUT, indicating a 32% upside to go along with his Buy rating. (To watch Zaffino’s track record, click here)What do other analysts say about the ad firm? It’s almost split. TipRanks analytics shows out of 5, 3 analysts are bullish on OUT stock, while 2 are sidelined. The consensus price target of $17.40 shows a potential upside of 14%. (Click here to see OUT's price targets and ratings)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
In an effort to protect the health and well-being of its stockholders, Monroe has determined to hold the Meeting in a virtual format on Wednesday, June 17, 2020 at 2:00 p.m., Central Time. Stockholders will not be able to attend the Meeting in person. As described in the proxy materials for the Meeting previously distributed, stockholders are entitled to participate in and vote at the Meeting if they were a stockholder as of the close of business on April 1, 2020, the record date.
In this article we will take a look at whether hedge funds think Monroe Capital Corp (NASDAQ:MRCC) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
CHICAGO, May 08, 2020 -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the first quarter ended March 31, 2020. Except where.
Monroe Capital (MRCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Monroe Capital Corporation (the “Company”) (MRCC) announced today that it will report its first quarter 2020 financial results on Friday, May 8, 2020, after the close of the financial markets. The Company will host a webcast and conference call to discuss these operating and financial results on Monday, May 11, 2020 at 11:00 am ET. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.
Weighing in on the markets from investment firm Oppenheimer, John Stoltzfus of Asset Management believes that now is the time to “build shopping lists of what you may have missed and regretted missing just a few weeks ago when the market was moving up every day.” He added that certain sectors – technology, industrials, financials, and consumer products – would face heavier pressure, and offer greater opportunities.Stoltzfus notes that Oppenheimer is making these moves, in preparation for a bull market that may lie in the near future. “It’s not a huge list, but it’s a shopping list of companies that we would like to add to positions that we already hold. Some of them [we] opened new positions. Things that might have gotten away.”“The market foresees that there’s a light at the end of the tunnel, and it’s not a railroad train about to bear down on this. It’s light of day instead,” Stoltzfus added.So, let’s take a look at some of the stock picks that Oppenheimer analysts are tagging for Stoltzfus’ shopping list. The TipRanks database allows us to find their similarities: they show impressive dividend yields above 11% and offer an upside potential of at least 30%. It’s a combination of factors that make them attractive as defensive portfolio moves in a bearish market.WhiteHorse Finance (WHF)We’ll start with a financial stock, one of the sectors that Stoltzfus tapped as particularly strong opportunity. WhiteHorse specializes in business development financing, in the small-cap company market. WHF focuses its investments in the $10 million to $50 million range, on companies with market caps between $50 and $350 million, stable cash flows, low tech exposure risk, and strong direct customer relationships. WHF provides loans and capital access.A look at WHF’s quarterly earnings history shows the success of the company’s model. WhiteHorse has been consistently profitable, and frequently beats the forecast by a wide margin. WhiteHorse uses its sound earnings to fund a reliable dividend. The company has a long history of maintaining reliable payments – in recent years, it has kept the payment at 35.5 cents per share quarterly, with one dip to 20 cents during 2019 to adjust for the payout ratio. The annualized payment is $1.42, which gives a simply stellar yield of 18.8%. The average dividend yield among S&P listed stocks is only 2% - WhiteHorse beats that by well over 9x.5-star Oppenheimer analyst Chris Kotowski saw fit to upgrade WhiteHorse from Neutral to Buy in his recent review of the stock, after the bear market slide had started. He noted that the company has largely avoided tapping into its own credit facilities, and that the combination of low leverage and a strong portfolio makes WHF a fine investment with solid return potential. He writes, “We view WHF as a high-quality BDC that has been able to generate assets with above-industry average yields but thus far minimal realized losses… the BDC has covered the base dividend out of core NII on a cumulative basis since 2015 and following recent portfolio growth trends, we see continued dividend coverage in coming quarters.”Kotowski sets a $13 price target on the stock, indicating his confidence in an impressive 72% upside potential (To watch Kotowski’s track record, click here)It appears consensus sentiment matches well with Kotowski's eager chip eyes, with TipRanks analytics showing WHF as a Buy. Based on 6 analysts polled by TipRanks in the last 3 months, 4 rate the stock a Buy, while 2 remain sidelined. The 12-month average price target stands at $12.90, marking a whopping 70% upside from where the stock is currently trading. (See WhiteHorse stock analysis on TipRanks)Monroe Capital (MRCC)The next stock on our list, Monroe Capital, is private equity firm that invests in the tech, health care, media, and retail sectors. The company focuses on businesses with employee stock ownership plans, as well as women and/or minority ownership; these are demographics that sometimes have difficulty accessing capital, and Monroe aims to fill that gap.That the business model works is clear from MRCC’s own financial footing. The company consistently reports profitable earnings; the most recent report, in Q4, was typical, with the 37 cents reported beating the 35-cent forecast. Revenue rose 21% year-over-year to reach $17.99 million. These results are in-line with forward guidance – the consensus on Monroe’s prospects this year is for $17.5 million in Q1 revenue with quarterly EPS of 35 cents, and $71.2 million in full-year revenue, and $1.40 EPS for CY2020.For stock investors, however, Monroe’s primary vehicle of returns is the dividend. The company pays out reliably, and earnings have covered the payment since 2H14. At 94%, the payout ratio is high – nearly maxed out – but also shows that the dividend is affordable with current earnings. The actual payment is 35 cents per quarter, or $1.40 annually, and gives a yield of 19.7%. Yields of this magnitude are among the best returns that investors are likely to find; now that the Fed has but interest rates to the bone in response to the COVID-19 pandemic, Treasury bonds are yielding less than 1%.Oppenheimer's Chris Kotowski reviewed this stock, too, and came away impressed. In fact, in the very title of his note he cites Monroe’s 23 consecutive quarters of dividend coverage. In line with his upbeat view of the stock, Kotowski reiterates his Buy rating and sets a $10 price target that suggests a 42% upside potential. (To watch Kotowski’s track record, click here)Getting to specifics, Kotowski writes, “As we have said many times, over time the dividend accounts for the vast majority of a BDC's returns. Given MRCC's depressed stock price at 88% of NAV, the dividend amounts to a [19%] yield, outstanding given that we have a high degree of confidence that it will be maintained.”Overall, the analyst consensus rating on this stock is a Moderate Buy, and is based on 1 Buy rating and 2 Holds. Wall Street gives the stock an average price target of $9.33, for an upside potential of 33% in the coming year. (See Monroe Capital stock analysis on TipRanks)Outfront Media, Inc (OUT)Last on our list is a company with an interesting niche. Outfront Media specializes in billboard marketing and transit and advertisement posters. Even in today’s digital age, billboards and posters, strategically located, remain an important part of major marketing campaigns, while electronic and digital tech can update these traditional forms of marketing. Outfront operates as an REIT, owning the advertising properties and leasing them to the advertisers.The economic reversal of the first quarter has hit Outfront hard. With so many areas under lockdown, travel and business restricted, and many businesses unable to operation normally, outdoor advertising has been one of the first expenses to feel the axe. Outfront’s stock dropped over 50% by mid-March, badly underperforming the overall stock market. Since bottoming out on March 20, the stock has bounced back 66%.That rebound shows the company’s underlying resilience. OUT consistently beats its quarterly earnings expectations, and 2019 revenue reached $1.8 billion, growing 11% from the year before. While this first quarter was flat-out bad, the stock market’s bounce, the prospect of an effective treatment for COVID-19, and the beginning of discussions on how to reopen the economy all bode well for OUT in 2H20.Even with the difficult quarter now, Outfront Media has maintained its generous dividend. The yield comes in at 12.8%, and the annualized payout lands at $1.52.Ian Zaffino, covering OUT for Oppenheimer, noted, “Overall, OUT could see meaningful headwinds from the outbreak and a speedbump in its transit and digital initiatives. However, management is taking actions to reduce fixed costs and mitigate the impact to profitability. Further, the company maintains solid liquidity—e.g. ~$534M of cash-on-hand—and has cushion against its covenants. Additionally, the nearest debt maturity isn’t until 2024 ($500M senior notes)."In line with his cautiously positive outlook, Zaffino maintains the Buy rating on OUT shares. Even while lowering the price target in deference to the pandemic, Zaffino's new target, $20 per share, suggests a strong 68% upside potential. (To watch Zaffino’s track record, click here)The analyst consensus here agrees with Zaffino; Outfront gets a Moderate Buy rating, based on 4 Buys and 2 Holds set in recent weeks. Shares are priced at $11.93 after the recent growth noted by Zaffino, while the $20.83 average price target suggests a robust upside potential of 75%. (See Outfront Media stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
CHICAGO, March 18, 2020 -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) today reported the purchase of more than 237,500 shares of MRCC common stock by officers.
CHICAGO, March 03, 2020 -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the fourth quarter and full year ended December 31,.
Monroe Capital Corporation (the “Company”) (MRCC) announced today that it will report its fourth quarter and full year 2019 financial results on Tuesday, March 3, 2020, after the close of the financial markets. The Company will host a webcast and conference call to discuss these operating and financial results on Wednesday, March 4, 2020 at 11:00 am ET. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Monroe Capital Corporation (the “Company”) (MRCC) announced today that its Board of Directors has declared a distribution of $0.35 per share for the fourth quarter of 2019, payable on December 31, 2019 to stockholders of record as of December 16, 2019. In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock.
Monroe Capital (MRCC) delivered earnings and revenue surprises of 0.00% and -1.51%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
CHICAGO, Nov. 06, 2019 -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the third quarter ended September 30, 2019. Except.
CHICAGO, Oct. 30, 2019 -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that the conference call to discuss its third quarter 2019 financial results.
Monroe Capital Corporation (the “Company”) (MRCC) announced today that it will report its third quarter 2019 financial results on Wednesday, November 6, 2019, after the close of the financial markets. The Company will host a webcast and conference call to discuss these operating and financial results on Thursday, November 7, 2019 at 11:00 am ET. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events.cfm. For those unable to listen to the live broadcast, the webcast will be available for replay on the Company’s website approximately two hours after the event.
Monroe Capital Corporation (the “Company”) (MRCC) announced today that its Board of Directors has declared a distribution of $0.35 per share for the third quarter of 2019, payable on September 30, 2019 to stockholders of record as of September 16, 2019. The Company has adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. As a result, when the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock.