Welcome to our dedicated page for Monroe Capital news (Ticker: MRCC), a resource for investors and traders seeking the latest updates and insights on Monroe Capital 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.
Monroe Capital Corporation (MRCC) reported third-quarter 2020 financial results with a net investment income of $5.6 million ($0.26 per share), down from $12.6 million in the previous quarter. Despite this decline, the net asset value (NAV) rose to $230.7 million ($10.83 per share), a 4.4% increase driven by net gains of $9.5 million. The company paid a quarterly dividend of $0.25 per share, fully covered by net investment income. Leverage decreased significantly to 0.90 times from 1.16, indicating improved financial stability.
Monroe Capital LLC announced its role as sole lead arranger and administrative agent for a senior credit facility and equity co-investment to support Vector Capital's acquisition of MarkLogic Corporation. MarkLogic, located in San Carlos, California, is a premier provider of enterprise data integration solutions, serving over 2,500 clients across various sectors, including government and healthcare. This acquisition is expected to enhance MarkLogic's capabilities within the cloud data platform space, benefiting both firms and their stakeholders.
Monroe Capital Corporation (NASDAQ: MRCC) announced it will report Q3 2020 financial results on November 4, 2020, after market closure. A conference call will follow on November 5, 2020, at 2:00 pm ET, allowing investors to discuss these results. Monroe Capital Corporation specializes in investing in secured debt and equity in middle-market companies. The firm's investment objective focuses on maximizing total return for stockholders through current income and capital appreciation.
Monroe Capital LLC has acted as the sole lead arranger for an $11.5 million senior credit facility to aid Quest Resource Holding Corporation in acquiring Green Remedies Waste and Recycling Inc. This acquisition strengthens Quest's position in the environmental waste and recycling sector, particularly in multi-family housing markets. Additionally, Quest may access over $50 million in further term debt financing to support its growth initiatives.
Monroe Capital LLC has acted as the sole lead arranger and administrative agent for a senior credit facility supporting Apax Partners' acquisition of MyCase, Inc. MyCase is a cloud-based legal practice management software designed for efficiency and exceptional client experiences. It offers features like Lead Management, Billing, and robust Reporting. Monroe Capital specializes in private credit and has a history of providing financing solutions across diverse sectors since 2004. This acquisition enhances Monroe's lending portfolio in the growing legal tech market.
Monroe Capital Corporation (NASDAQ: MRCC) has declared a $0.25 per share distribution for Q3 2020, payable on September 30, 2020, to stockholders of record as of September 16, 2020. The company has enacted a dividend reinvestment plan allowing stockholders to reinvest cash distributions into additional shares unless they opt for cash. Specific tax characteristics will be reported to stockholders on Form 1099. Monroe Capital focuses on senior, unitranche, junior secured debt, and equity investments in middle-market companies.
Monroe Capital Corporation (MRCC) reported strong financial results for Q2 2020, achieving a net investment income of $12.6 million ($0.61 per share) and adjusted net investment income of $12.8 million ($0.62 per share). The net asset value rose to $220.6 million ($10.37 per share), a 3.3% increase from the previous quarter. The company successfully reduced leverage from 1.47 to 1.16, primarily through portfolio paydowns, while maintaining a quarterly dividend of $0.25 per share. Key recovery from Rockdale Blackhawk contributed significantly to income, showcasing resilience amid COVID-19 challenges.
Monroe Capital Corporation (NASDAQ: MRCC) will announce its Q2 2020 financial results on August 5, 2020, after market close. A conference call to discuss the results is scheduled for August 6, 2020, at 12:00 PM ET. Investors can join via phone at (877) 312-8807 (conference ID #7495377) or through a webcast available on the company’s investor relations website. Monroe Capital focuses on investing in secured debt for middle-market companies, aiming to maximize stockholder returns through current income and capital appreciation.
Monroe Capital Corporation (MRCC) has announced the transition of its 2020 Annual Meeting of Stockholders to a virtual format due to health concerns stemming from the COVID-19 pandemic. The meeting is scheduled for June 17, 2020, at 2:00 p.m. Central Time. Stockholders eligible to vote must have held shares by April 1, 2020. Participants can join the meeting through a designated web portal, and are encouraged to vote in advance. Monroe Capital specializes in investments in secured debt and equity in middle-market companies, aiming to maximize returns for its shareholders.
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