Monroe Capital (MRCC) - NASDAQ
  • Wed, Jul. 20, 9:31 AM
    • The company raised gross proceeds of $48.1M, selling 3.1M shares of stock for $15.50 each. The underwriters have a greenshoe option to buy another 465K shares at that price.
    • MRCC -3.4% to $15.38
    | Wed, Jul. 20, 9:31 AM | 6 Comments
  • Tue, Jul. 19, 5:36 PM
    | Tue, Jul. 19, 5:36 PM | 5 Comments
  • Tue, Jul. 19, 4:15 PM
    • The size of the secondary offering isn't disclosed. Proceeds will be used to pay down debt and invest in portfolio companies.
    • MRCC -4.2% after hours
    | Tue, Jul. 19, 4:15 PM | 3 Comments
  • Thu, Jul. 14, 10:40 AM
    • Small-cap banks and BDCs are "increasingly less compelling" after recent run-ups, and without catalysts to support further multiple expansions, says Baird's Bryce Rowe.
    • For more gains, he's looking for what he calls "higher quality" BDCs - those preserving capital and earning their cost of capital. Fidus Investment (FDUS +1.9%), Main Street Capital (MAIN -0.1%), Monroe Capital (MRCC +1.1%) and Triangle Capital (TCAP +0.1%) fit the bill, he says.
    • He downgrades from Outperform to Neutral two others which have had big moves higher - New Mountain Finance and Stellus Capital (SCM -0.9%).
    | Thu, Jul. 14, 10:40 AM | 7 Comments
  • Wed, Jun. 1, 8:36 AM
    • Monroe Capital (NASDAQ:MRCC) declares $0.35/share quarterly dividend, in line with previous.
    • Forward yield 9.51%
    • Payable June 30; for shareholders of record June 15; ex-div June 13.
    | Wed, Jun. 1, 8:36 AM | 1 Comment
  • Tue, May 10, 4:11 PM
    • Q1 adjusted net investment income of $6.1M or $0.47 per share vs. $5.1M and $0.40 in Q4. Dividend is $0.35.
    • Net increase in net assets from operations of $0.61 per share vs. $0.33 in Q4.
    • Net asset value per share of $14.45 up from $14.19 three months earlier.
    • Effective portfolio yield slipped to 10% from 10.6% in Q4 thanks to one investment being placed on non-accrual status.
    • Earnings call tomorrow at 12 ET
    • Previously: Monroe Capital beats by $0.08, beats on total investment income (May 10)
    • MRCC flat after hours
    | Tue, May 10, 4:11 PM | 1 Comment
  • Tue, May 10, 4:06 PM
    • Monroe Capital (NASDAQ:MRCC): Q1 NII of $0.47 beats by $0.08.
    • Total investment income of $11.54M (+42.8% Y/Y) beats by $1.17M.
    • Press Release
    | Tue, May 10, 4:06 PM | 4 Comments
  • Wed, Mar. 30, 4:02 PM
    • The bounce since 2016's brutal start has business development companies - as measured by BDCS - marginally positive for the year.
    • Baird's Bryce Rowe reminds that the average BDC still trades at just 85% of NAV (up from 72% at the February bottom), meaning they're still worth buying on the dip.
    • "The lower-for-longer rate environment will provide support for the sector, and we believe the primary beneficiaries will be high-quality BDCs that are sufficiently earning their dividend distributions and preserving NAV/share on a long term basis," says Rowe.
    • His favorites are the sector's highest quality names, wtih Alcentra Capital (NASDAQ:ABDC) the top pick. Also worth a look are Fidus Investment (NASDAQ:FDUS), Monroe Capital (NASDAQ:MRCC), Main Street Capital (NYSE:MAIN), New Mountain Finance (NYSE:NMFC), and Triangle Capital (NYSE:TCAP).
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Wed, Mar. 30, 4:02 PM | 48 Comments
  • Fri, Mar. 4, 7:34 AM
    | Fri, Mar. 4, 7:34 AM | 7 Comments
  • Dec. 15, 2015, 4:11 PM
    • The amended syndicated credit facility increases the size of the revolver to $160M from $135M, with the accordion feature now $300M from $200M. Pricing is reduced by 25 basis points to Libor +3%, with another step-down to Libor+2.75% when MRCC's net worth exceeds $225M.
    | Dec. 15, 2015, 4:11 PM | 4 Comments
  • Dec. 14, 2015, 11:20 AM
    • The price of oil has stabilized, but the major averages are moving lower, Treasury yields are moving higher in front of this week's expected Fed rate hike, and high-yield continues to sell off (with more funds gating withdrawals/selling holdings).
    • It all adds up to continued panicky liquidation in the business development complex. Prospect Capital (PSEC -4.8%), Fifth Street Finance (FSC -4.1%), Ares Capital (ARCC -4.9%), FS Investment (FSIC -3.4%), Triangle Capital (TCAP -4.8%), TICC Capital (TICC -9.1%), PennantPark Investment (PNNT -4.3%), New Mountain Finance (NMFC -5.8%), Monroe Capital (MRCC -4.5%), Oxford Lane (OXLC -10.4%).
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Dec. 14, 2015, 11:20 AM | 65 Comments
  • Nov. 30, 2015, 4:06 PM
    • Monroe Capital (NASDAQ:MRCC) declares $0.35/share quarterly dividend, in line with previous.
    • Forward yield 9.45%
    • Payable Dec. 30; for shareholders of record Dec. 15; ex-div Dec. 11.
    | Nov. 30, 2015, 4:06 PM
  • Nov. 9, 2015, 7:34 AM
    • Monroe Capital Corporation (NASDAQ:MRCC): Q3 NII of $0.36 misses by $0.04.
    • Total investment income of $9.17M (+19.6% Y/Y) misses by $0.14M.
    | Nov. 9, 2015, 7:34 AM | 3 Comments
  • Sep. 29, 2015, 3:24 PM
    • It's not just about energy anymore, according to a BAML report. "The malaise is spreading." High-yield, says the team, "[is] a slow-moving train wreck that just seems to be accelerating."
    • Equity-type proxies for the high-yield market, business development companies are under major selling pressure again today, with already large discounts to NAVs growing even wider.
    • Previously: Ares Capital greenlighted for $100M in buybacks (Sept. 28)
    • Prospect Capital (PSEC -3.6%), Ares Capital (ARCC -2.7%), Apollo Investment (AINV -4%), TCP Capital (TCPC -5.4%), Monroe Capital (MRCC -4.5%), Oxford Lane Capital (OXLC -5.4%), PennantPark Investment (PNNT -1.8%), American Capital (ACAS -2.5%), Medley Capital (MCC -4.1%), Harris & Harris (TINY -5.4%)
    • ETFs: BDCL, BDCS, BIZD, FGB
    | Sep. 29, 2015, 3:24 PM | 45 Comments
  • Sep. 1, 2015, 4:18 PM
    • Monroe Capital Corporation (NASDAQ:MRCC) declares $0.35/share quarterly dividend, in line with previous.
    • Forward yield 9.51%
    • Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 11.
    | Sep. 1, 2015, 4:18 PM
  • Aug. 10, 2015, 4:36 PM
    • Monroe Capital Corporation (NASDAQ:MRCC): Q2 NII of $0.43 beats by $0.06.
    • Total investment income of $9.52M beats by $1.41M.
    | Aug. 10, 2015, 4:36 PM
Company Description
Monroe Capital Corp., operates as a business development company, invests in lower middle-market companies located in the US and Canada. The company was founded on February 9, 2011 and is headquartered in Chicago, IL.
Sector: Financial
Country: United States