MRCC - Monroe Capital Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
10.41
-0.01 (-0.10%)
At close: 4:00PM EDT
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Previous Close10.42
Open10.39
Bid10.36 x 800
Ask10.40 x 1300
Day's Range10.30 - 10.54
52 Week Range9.10 - 13.87
Volume209,843
Avg. Volume93,020
Market Cap212.828M
Beta (3Y Monthly)1.31
PE Ratio (TTM)18.33
EPS (TTM)0.57
Earnings DateNov 4, 2019 - Nov 8, 2019
Forward Dividend & Yield1.40 (13.69%)
Ex-Dividend Date2019-09-13
1y Target Est12.75
Trade prices are not sourced from all markets
  • GlobeNewswire

    Monroe Capital Corporation Announces Third Quarter Distribution of $0.35 Per Share

    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.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRCC earnings conference call or presentation 7-Aug-19 3:00pm GMT

    Q2 2019 Monroe Capital Corp Earnings Call

  • Bloomberg

    Private Credit Bets Big on Cannabis Companies as Banks Pass

    (Bloomberg) -- Private credit firm Monroe Capital LLC is betting on cannabis with its latest direct lending deal as banks hamstrung by regulations shy away from the industry.The Chicago-based lender has provided a $50 million senior secured credit facility to KushCo Holdings Inc., a provider of products such as vaporizers and bags for the cannabis and hemp industries. It’s Monroe’s first foray into lending to the industry, and the latest by a private credit to fill a void left by banks.“We wanted to figure out a way to finance the market leaders, and KushCo we think is a best in class company in terms of ancillary supply,” said Ted Koenig, president and CEO of Monroe. “We’ve got a lot of capital and are looking for high quality companies where we can get comfortable with the business.”The financing comes as cannabis-related companies approach private credit firms in droves to secure debt because traditional banks may be hesitant to lend to the industry due to regulatory concerns and conflicts between state and federal law. In April, MGG Investment Group gave a $65 million loan to Mile High Labs, so it could buy hemp to make cannabidiol, commonly known as CBD.Despite the strong demand, the budding industry still maintains a risk profile that has made some investors reluctant. KushCo started a relationship with Monroe around February after another direct lender backed out of a financing deal with the company.The other firm, which KushCo CEO Nick Kovacevich declined to name, expressed interest in getting into the cannabis field and assured the borrower the industry wouldn’t be a roadblock. After nearly closing the deal, the credit committee ultimately balked at the “eleventh hour,” he said.Baked InKushCo’s infrastructure, systems, compliance and growth pace were all reasons Monroe found the business appealing, Koenig said during a phone interview on Thursday. An important distinction for Monroe is that KushCo doesn’t actually ever touch cannabis -- it deals in the ancillary supplies.The credit agreement itself also includes provisions tailored to the business line. KushCo sells to licensed growers and dispensaries and it had a self-governing process in place to make sure it had all its customer licenses on file. Now that procedure is written into its credit document and the company required to make sure the licenses are current or it won’t be able to tap its debt.“We designed a credit agreement to ensure continued compliance with all applicable laws,” Koenig said.The credit agreement also provides for Monroe to share in the upside of what it sees as a booming industry. The facility, which matures in August 2024 and is priced around 850 basis points over Libor, according to an SEC filing, also includes warrants that allow Monroe to buy up to 500,000 shares of KushCo.“It’s a fair deal for both sides given the risk profile of this industry,” Kovacevich said.Room to GrowKushCo is using the financing to pay off an existing loan from Gerber Finance Inc., for growth capital and potential acquisitions down the line. The company is targeting $145 million to $150 million in revenue for the fiscal year ended Aug. 31, up from $52 million for the year before. Analysts say sales could balloon further next year amid more industry growth.Monroe hopes to grow its relationship along with the Garden Grove, California-based borrower.“We did a $50 million facility today and I’d be excited in 18 months if we were doing a $200 million facility with this company,” Koenig said.Koenig sees continued opportunity for financing to companies in the cannabis industry, which is seeing massive growth. “Currently there’s just not a lot of financing options in this particular industry and we think we’ve devised a thoughtful way to finance this industry,” he said.To contact the reporter on this story: Kelsey Butler in New York at kbutler55@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Christopher DeReza, Rizal TupazFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Monroe Capital (MRCC) Q2 2019 Earnings Call Transcript
    Motley Fool

    Monroe Capital (MRCC) Q2 2019 Earnings Call Transcript

    MRCC earnings call for the period ending June 30, 2019.

  • Monroe Capital (MRCC) Meets Q2 Earnings Estimates
    Zacks

    Monroe Capital (MRCC) Meets Q2 Earnings Estimates

    Monroe Capital (MRCC) delivered earnings and revenue surprises of 0.00% and -1.64%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Analysts Estimate Monroe Capital (MRCC) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Monroe Capital (MRCC) to Report a Decline in Earnings: What to Look Out for

    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.

  • GlobeNewswire

    Monroe Capital Corporation Schedules Second Quarter 2019 Earnings Release and Conference Call

    Monroe Capital Corporation (the “Company”) (MRCC) announced today that it will report its second quarter 2019 financial results on Tuesday, August 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 Wednesday, August 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.

  • GlobeNewswire

    Monroe Capital Corporation Announces Second Quarter Distribution of $0.35 Per Share

    Monroe Capital Corporation (the “Company”) (MRCC) announced today that its Board of Directors has declared a distribution of $0.35 per share for the second quarter of 2019, payable on June 28, 2019 to stockholders of record as of June 14, 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.

  • Moving Average Crossover Alert: Monroe Capital
    Zacks

    Moving Average Crossover Alert: Monroe Capital

    Monroe Capital Corporation (MRCC) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRCC earnings conference call or presentation 8-May-19 3:00pm GMT

    Q1 2019 Monroe Capital Corp Earnings Call

  • Monroe Capital (MRCC) Q1 Earnings and Revenues Miss Estimates
    Zacks

    Monroe Capital (MRCC) Q1 Earnings and Revenues Miss Estimates

    Monroe Capital (MRCC) delivered earnings and revenue surprises of -7.89% and -2.53%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press

    Monroe Capital: 1Q Earnings Snapshot

    The Chicago-based company said it had profit of 36 cents per share. Earnings, adjusted for investment gains, were 35 cents per share. The results fell short of Wall Street expectations. The average estimate ...

  • GlobeNewswire

    Monroe Capital Corporation BDC Announces First Quarter 2019 Results

    CHICAGO, May 07, 2019 -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the first quarter ended March 31, 2019. Except where.

  • Earnings Preview: Monroe Capital (MRCC) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Monroe Capital (MRCC) Q1 Earnings Expected to Decline

    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.

  • GlobeNewswire

    Monroe Capital Corporation Schedules First Quarter 2019 Earnings Release and Conference Call

    Monroe Capital Corporation (the “Company”) (MRCC) announced today that it will report its first quarter 2019 financial results on Tuesday, May 7, 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 Wednesday, May 8, 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.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRCC earnings conference call or presentation 6-Mar-19 4:00pm GMT

    Q4 2018 Monroe Capital Corp Earnings Call

  • Reuters

    BDCs rebound in 2019 after year-end slump

    Business Development Company (BDC) share prices are rebounding after hitting a near three-year low in December and are outperforming the S&P/LSTA leveraged loan index as well as the S&P 500. Nearly 95% of BDCs have seen since December an improvement in share price to Net Asset Value (NAV), a measure of a company’s assets minus liabilities on a per share basis, according to data from LPC, a unit of Refinitiv. The positive performance of BDCs, which invest in the debt of small and medium-sized companies, is due to low portfolio valuations after credit spreads widened in a volatile December amid a market selloff.

  • GlobeNewswire

    Monroe Capital Corporation Announces Pricing of Registered Direct Offering of $40 Million 5.75% Notes Due 2023

    Monroe Capital Corporation (the “Company”) (MRCC) announced today that it has priced a registered direct offering of $40.0 million in aggregate principal amount of its 5.75% Notes due 2023 (the “Notes”), which will result in net proceeds to the Company of approximately $38.7 million based on a public offering price of 99% of the aggregate principal amount of the Notes, after deducting payment of placement agent fees and estimated offering expenses payable by the Company. The Notes are a further issuance of notes initially issued by the Company on September 12, 2018 (the “2023 Notes”). The Notes mature on October 31, 2023, and may be redeemed in whole or in part at any time, or from time to time, at the Company’s option on or after October 31, 2020.

  • Monroe Capital Corp (MRCC) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    Monroe Capital Corp (MRCC) Q4 2018 Earnings Conference Call Transcript

    MRCC earnings call for the period ending December 31, 2018.

  • GlobeNewswire

    Monroe Capital Corporation BDC Announces Fourth Quarter And Full Year 2018 Results

    CHICAGO, March 05, 2019 -- Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the fourth quarter and full year ended December 31,.

  • GlobeNewswire

    Consolidated Research: 2019 Summary Expectations for The Goldman Sachs Group, Motorola Solutions, Aquantia, Monroe Capital, Brookfield Asset Management, and MEDIFAST INC — Fundamental Analysis, Key Performance Indications

    NEW YORK, Feb. 21, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • GlobeNewswire

    Monroe Capital Corporation Schedules Fourth Quarter and Full Year 2018 Earnings Release and Conference Call

    CHICAGO, Feb. 15, 2019 -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it will report its fourth quarter and full year 2018 financial results.

  • GlobeNewswire

    Monroe Capital Corporation Announces Share Purchases by Officers, Directors and Senior Management

    CHICAGO, Jan. 07, 2019 -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) today reported the purchase of more than 45,650 shares of MRCC common stock by officers and.

  • GuruFocus.com

    Weekly CFO Buys Highlight

    Recent buys from company CFOs

  • Thomson Reuters StreetEvents

    Edited Transcript of MRCC earnings conference call or presentation 7-Nov-18 3:30pm GMT

    Q3 2018 Monroe Capital Corp Earnings Call