Monroe Capital Corp
MRCC

$7.81

2.98%

Market Cap: $169M

About: Monroe Capital Corp is a speciality finance company focused on providing financing to lower middle-market companies, in the U.S. and Canada. The company provides customized financing solutions focused on senior, unitranche, and junior secured debt and unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

0% more funds holding

Funds holding: 81 [Q1] → 81 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

1.26% less ownership

Funds ownership: 17.96% [Q1] → 16.7% (-1.26%) [Q2]

12% less capital invested

Capital invested by funds: $28.1M [Q1] → $24.6M (-$3.45M) [Q2]

59% less call options, than puts

Call options by funds: $123K | Put options by funds: $301K

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Research analyst outlook

We haven’t received any recent analyst ratings for MRCC.

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Financial journalist opinion

Based on 7 articles about MRCC published over the past 30 days

Monroe Capital Supports Point 41 Capital Partners' Acquisitions of Georgia Water & Fire Restoration and Property Medics of Georgia

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 Point 41 Capital Partners' acquisitions of Georgia Water & Fire Restoration (“GWFR”) and Property Medics of Georgia (“Property Medics”). Together, they will form a new restoration services platform (“the Company”). Founded in 1989 and based in Cumming, GA, GWFR is a provider of property mitigation and restoration serv.

Monroe Capital Supports Point 41 Capital Partners' Acquisitions of Georgia Water & Fire Restoration and Property Medics of Georgia

Monroe Capital Supports PrecisionX Group's Add-on Acquisitions

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 acquisitions of Ditron, Inc. (“Ditron”) and MSK Precision Products, Inc. (“MSK”) by PrecisionX Group (“PrecisionX”), an existing portfolio company of CORE Industrial Partners. Based in Stormville, NY, Ditron offers a comprehensive manufacturing solution utilizing micro precision stamping to manufacture complex, tight.

Monroe Capital Supports PrecisionX Group's Add-on Acquisitions

Monroe Capital Supports RCap Equity Partners' Investment in Northeast Contracting Corp.

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 and equity co-investment to support the majority recapitalization of Northeast Contracting Corp. (“NECC”) by RCap Equity Partners. Founded in 2002 and headquartered in Lorton, VA, NECC specializes in commercial roofing services, including re-roofing, installation, and repair & maintenance in the D.C., Maryland, and Virginia area.

Monroe Capital Supports RCap Equity Partners' Investment in Northeast Contracting Corp.

Monroe Capital Corporation Announces Third Quarter Distribution of $0.25 Per Share

CHICAGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the third quarter of 2024, payable on September 30, 2024 to stockholders of record as of September 16, 2024. 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. The specific 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.

Monroe Capital Corporation Announces Third Quarter Distribution of $0.25 Per Share

Monroe Capital: Optical Improvements And Weak Fundamentals

Monroe Capital (MRCC) has recently managed to outperform the broader BDC market, partly due to some additional certainty on the dividend coverage front after the Q2 report. However, if we dig deeper into the data, we will see that these improvements are temporary and the underlying picture remains uncertain. MRCC faces high leverage, dividend coverage issues, and deteriorating portfolio quality, making it risky for long-term investment despite a discount to NAV.

Monroe Capital: Optical Improvements And Weak Fundamentals

Monroe Capital Supports Sunstone Partners' EverService Holdings LLC

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 future growth of EverService Holdings, LLC (“EverService”), an existing portfolio company of Sunstone Partners. Based in Phoenix, Arizona, EverService is a provider of customer acquisition and engagement services to small and mid-sized businesses. Serving businesses across legal, home services, and healthcare industri.

Monroe Capital Supports Sunstone Partners' EverService Holdings LLC

Monroe Capital Supports Huron Capital's Rampart Exterior Services Add-on Acquisition

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Independent Roofing Systems (“Independent”) by Rampart Exterior Services (“Rampart”), a portfolio company of Huron Capital. Based in Mississippi, Independent specializes in commercial roofing services, including re-roofing, installation, and repair & maintenance. Rampart was created to.

Monroe Capital Supports Huron Capital's Rampart Exterior Services Add-on Acquisition

Monroe Capital Supports Goldman Sachs Alternatives' Acquisition of Xpress Wellness

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 and equity co-investment to support the acquisition of Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives. Based in Oklahoma City, OK, Xpress is affiliated with a physician-led rural healthcare platform that provides a range of high-quality, affordable, and convenient healthcare services to medically underserved communiti.

Monroe Capital Supports Goldman Sachs Alternatives' Acquisition of Xpress Wellness

Monroe Capital Supports Medusind's Add-on Acquisitions

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors. Based in Prescott, Arizona, Billing Solutions provides customized billing and practice management services for the behavioral heal.

Monroe Capital Supports Medusind's Add-on Acquisitions

Monroe Capital Corporation (MRCC) Q2 2024 Earnings Call Transcript

Monroe Capital Corporation (NASDAQ:MRCC ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Ted Koeing - Chief Executive Officer Mick Solimene - Chief Investment Officer and CFO Alex Parmacek - Deputy Portfolio Manager Conference Call Participants Christopher Nolan - Ladenburg Thalmann Robert Dodd - Raymond James Operator Welcome to Monroe Capital Corporation's Second Quarter 2024 Earnings Conference Call. Before we begin, I'd like to take a moment to remind our listeners that remarks made during this call today may contain certain forward-looking statements, including statements regarding our goals, strategies, belief, future potential, operating results and cash flows.

Monroe Capital Corporation (MRCC) Q2 2024 Earnings Call Transcript

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