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Monroe Capital Corporation - MRCC STOCK NEWS

Welcome to our dedicated page for Monroe Capital Corporation news (Ticker: MRCC), a resource for investors and traders seeking the latest updates and insights on Monroe Capital Corporation stock.

Monroe Capital Corporation (Nasdaq: MRCC) is a publicly-traded specialty finance company dedicated to providing customized financing solutions to lower middle-market companies in the U.S. and Canada. The company principally invests in senior, unitranche, and junior secured debt, and also engages in unsecured debt and equity investments, including co-investments in preferred and common stock and warrants.

MRCC's investment objective is to maximize total return for its stockholders through current income and capital appreciation. The company's investment activities are managed by Monroe Capital BDC Advisors, LLC, an affiliate of Monroe Capital LLC, and an investment adviser registered under the Investment Advisers Act of 1940.

Monroe Capital Corporation prides itself on being a value-added, user-friendly partner to business owners, management teams, and both private equity and independent sponsors. The company focuses on generating high-quality “alpha” returns across various business cycles through a diverse platform of investment products designed for institutional and high net worth investors.

In recent times, MRCC has demonstrated its financial resilience and commitment to delivering value to its shareholders. Despite the challenges posed by macroeconomic factors, MRCC has consistently covered its dividends through adjusted net investment income for several consecutive quarters. The company's diversified portfolio includes debt and equity investments in 98 companies, with first lien loans making up a significant portion.

For the quarter ended March 31, 2024, MRCC reported adjusted net investment income of $5.5 million, or $0.25 per share. The company’s net asset value (NAV) was $201.5 million, or $9.30 per share. The portfolio's weighted average yield was 11.9%, with a focus on credit quality and selective redeployment of capital resulting from repayments.

Monroe Capital LLC, the parent company, is an award-winning asset management firm recognized for excellence in private credit markets. Monroe's expertise spans direct lending, technology finance, venture debt, opportunistic and structured credit, real estate, and equity. The firm operates ten offices across the United States and Asia, offering a broad range of investment products to generate robust returns.

For more information, visit www.monroebdc.com.

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Monroe Capital (NASDAQ: MRCC) has announced the schedule for its second quarter 2024 earnings release and conference call. The company will report its financial results on Wednesday, August 7, 2024, after the financial markets close. A webcast and conference call to discuss these results will be held on Thursday, August 8, 2024, at 11:00 a.m. Eastern Time.

Investors can access the webcast through the Investor Relations section of Monroe Capital's website. To join the conference call, participants should dial (800) 715-9871 about 10 minutes before the start time, using the conference ID # 7213559. For those unable to attend the live event, a replay of the webcast will be available on the company's website approximately two hours after the call concludes.

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Monroe Capital (NASDAQ: MRCC) has declared a quarterly distribution of $0.25 per share for Q2 2024. The dividend is payable on June 28, 2024, to shareholders on record by June 17, 2024. The company's dividend reinvestment plan, adopted in October 2012, allows distributions to be reinvested in additional shares unless shareholders opt for cash. The tax characteristics of the distribution will be detailed in Form 1099 and included in the company's periodic SEC filing.

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Monroe Capital (MRCC) announced its financial results for the first quarter of 2024, with Net Investment Income of $5.5 million and Adjusted Net Investment Income of $5.5 million, resulting in a net increase in net assets of $3.2 million. The Net Asset Value (NAV) was $201.5 million. Monroe's CEO highlighted the 16th consecutive quarter of covering dividends with Adjusted Net Investment Income. Despite a decrease in Adjusted Net Investment Income from the previous quarter, the company remains focused on credit quality and enhancing risk-adjusted returns by leveraging market dynamics.

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Monroe Capital (MRCC) has scheduled its first quarter 2024 earnings release and conference call for May 8 and May 9, 2024, respectively. The company will discuss its operating and financial results during the call, which will be accessible via webcast and conference call. Participants can access the webcast link on the company's Investor Relations website.
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Monroe Capital Corporation (MRCC) reported its financial results for Q4 and full year 2023, highlighting key figures such as Net Investment Income, Adjusted Net Investment Income, and Net Asset Value. Despite challenges from macroeconomic factors, the company remains focused on generating strong returns for shareholders.
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Monroe Capital Corporation (MRCC) declares a $0.25 per share distribution for Q1 2024, with a dividend reinvestment plan in place. The distribution is payable on March 29, 2024, to stockholders of record as of March 15, 2024.
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Monroe Capital Corporation (MRCC) will release its Q4 and full year 2023 financial results on March 11, 2024. A webcast and conference call will follow on March 12, 2024. Details for participation are provided in the press release.
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Monroe Capital Corporation (MRCC) declared a distribution of $0.25 per share for Q4 2023, payable on December 29, 2023, to stockholders of record as of December 15, 2023. The Company adopted a dividend reinvestment plan in October 2012. Stockholders who have not opted out of the plan will have their distribution automatically reinvested in additional shares. Tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.
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Monroe Capital Corporation (MRCC) announced its Q3 2023 financial results, reporting net investment income of $5.4 million and a NAV of $207.6 million. The company's current annual cash dividend yield to shareholders is approximately 14.3%. Despite a decrease in NAV, the CEO remains optimistic about the market environment and opportunities for direct lenders. The portfolio review shows a focus on first lien loans, with a weighted average contractual and effective yield of 12.4% and 12.5%, respectively.
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Monroe Capital Corporation to report Q3 2023 financial results
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FAQ

What is Monroe Capital Corporation's primary business focus?

Monroe Capital Corporation (MRCC) primarily focuses on providing financing solutions to lower middle-market companies in the U.S. and Canada through senior, unitranche, and junior secured debt, and equity investments.

How does Monroe Capital Corporation generate returns for its stockholders?

MRCC aims to maximize total returns for its stockholders through current income and capital appreciation, achieved by investing in diversified debt and equity instruments.

Who manages Monroe Capital Corporation's investment activities?

The investment activities of Monroe Capital Corporation are managed by Monroe Capital BDC Advisors, LLC, an affiliate of Monroe Capital LLC.

What recent financial performance highlights has Monroe Capital Corporation reported?

For the quarter ended March 31, 2024, MRCC reported adjusted net investment income of $5.5 million, or $0.25 per share, and a net asset value of $201.5 million, or $9.30 per share.

What is the composition of Monroe Capital Corporation's investment portfolio?

As of March 31, 2024, Monroe Capital Corporation's portfolio consisted of debt and equity investments in 98 companies, with a significant portion (81.9%) in first lien loans.

What are the weighted average contractual and effective yields of MRCC's portfolio?

As of March 31, 2024, the weighted average contractual and effective yields on MRCC's debt and preferred equity investments were 11.9%.

How has Monroe Capital Corporation been performing in terms of dividend coverage?

MRCC has consistently covered its dividends through adjusted net investment income for several consecutive quarters.

What are some of the key recognitions received by Monroe Capital LLC?

Monroe Capital LLC has been recognized with several awards, including Private Debt Investor’s Lower Mid-Market Lender of the Decade (2023), CLO Manager of the Year (2023), and Best U.S. Direct Lending Fund (2021).

What strategies does Monroe Capital LLC specialize in?

Monroe Capital LLC specializes in private credit markets across various strategies including direct lending, technology finance, venture debt, opportunistic and structured credit, real estate, and equity.

Where can I find more information about Monroe Capital Corporation?

More information about Monroe Capital Corporation can be found on their official website at www.monroebdc.com.

Monroe Capital Corporation

Nasdaq:MRCC

MRCC Rankings

MRCC Stock Data

168.89M
21.67M
3.61%
18.88%
0.36%
Securities and Commodity Exchanges
Finance and Insurance
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United States of America
CHICAGO