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Monroe Capital (MRCC) Company Profile

Updated Sep 9, 2019
Monroe Capital has the following business profile:
Company's Full Name:Monroe Capital Corporation
Short Name:Monroe Capital
Trading Ticker Symbol:MRCC
Primary Exchange:NASDAQ
Headquarter City/Country:Illinois, IL
Primary Industry Sector:Finance
Seconday Sub-sector:Investment Managers
Main Business Areas: Finance, Investment Managers, Financial Services, Specialty Finance
Dividend Payments:Dividend History

Market and Trading Information for Monroe Capital

The following details were available for trading and market data about the stock of Monroe Capital as of writing:
Current Share Price:$10.24
Previous Year's Closing Price:$9.6
Percentage Price Change (YTD):6.67%
Market Cap:$209.15 million
52-week Price Range:$9.1 - $14.05
Dividend Per Share:$1.4
EPS (TTM):0.57
Price-Earnings (Trailing):18.03
Price-Earnings (Forward):7.11

Company Profile and Business Description for Monroe Capital

Monroe Capital Corporation, incorporated on February 9, 2011, is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity. The Company provides customized financing solutions focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt, and subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company's investment activities are managed by its investment advisor, Monroe Capital BDC Advisors, LLC (MC Advisors).

As of December 31, 2016, the Company consisted of 70 different portfolio companies and holdings, including senior secured, junior secured and unitranche secured debt and equity securities. As of December 31, 2016, its portfolio included approximately 66.7% senior secured debt, 12.5% unitranche secured debt, 14.4% junior secured debt and 6.4% equity securities. The Company also invests in high-yield bonds, distressed debt, private equity or securities of public companies that are not thinly traded and securities of middle-market companies located outside of the United States. The Company invests in various industries, such as healthcare and pharmaceuticals; services: business; consumer goods: non-durable; retail; consumer goods: durable; hotels, gaming and leisure; banking, finance insurance and real estate; construction and building; media: advertising, printing and publishing, and media: diversified and production. Monroe Capital Management Advisors, LLC (MC Management) provides the Company with office facilities and equipment, and also provides clerical, bookkeeping and record keeping and other administrative services at its facilities. The Company also invests in the United States Treasury bills and in repurchase agreements that are collateralized by cash or securities issued by the United States Government or its agencies.

Senior Secured Loans

The Company obtains security interests in the assets of the portfolio company borrowers that serve as collateral in support of the repayment of the loans. The collateral may take the form of first-priority liens on the assets of the portfolio company borrower.

Unitranche Loans

The Company structures its unitranche loans as senior secured loans. The Company obtains security interests in the assets of the portfolio companies that serve as collateral in support of the repayment of the loans. The collateral may take the form of first-priority liens on the assets of a portfolio company. In various cases, the Company, together with its affiliates, is a lender of its unitranche loans.

Junior Secured Loans

The Company obtains a security interest in the assets of the portfolio companies that serves as collateral in support of the repayment of the loans. The collateral may take the form of second priority liens on the assets of a portfolio company.

Preferred Equity

The Company structures preferred equity investments to combine features of equity and debt. The Company obtains a security interest in the assets of portfolio companies that serves as collateral in support of the repayment of such preferred equity, which takes a priority to common shareholders.

Warrants and Equity Co-Investment Securities

The Company receives warrants or options to buy a minority equity interest in the portfolio company in connection with a loan. The Company structures the warrants to include provisions protecting its rights as a minority-interest holder, as well as a put or right to sell the securities back to the issuer, upon the occurrence of specified events. The Company also makes a minority equity co-investment in the portfolio company in connection with a loan.

311 S Wacker Dr Ste 6400

Peer / Competitor Companies of Investment Managers Sector

Along with Monroe Capital Corporation, the following other peer (competitor) companies also exist within the same Investment Managers - Finance sector whose company profile and dividend history is as follows:

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▶ Affiliated Managers (AMG): Affiliated Managers Group, Inc., incorporated on December 29, 1993, is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing around ....See Detailed Company Profile  and Dividend History.

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▶ Alcentra Capital (ABDC): Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. ....See Detailed Company Profile  and Dividend History.

▶ Alliance HealthCare (AIQ): Alliance HealthCare Services, Inc. (Alliance), incorporated on May 27, 1987, is a provider of outsourced healthcare services to hospitals and providers. The Company operates through three segments: Radiology Division, Oncology ....See Detailed Company Profile  and Dividend History.

▶ AllianceBernstein Holding (AB): AllianceBernstein Holding L.P., incorporated on November 18, 1987, is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, ....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Convertible and Income Fund (NCV): AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, is a diversified, closed-end management investment company. The Funds investment objective is to provide total return through a combination ....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Convertible and Income Fund II (NCZ): AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Funds investment objective is to provide total ....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Diversified Income and Convertible Fund (ACV): AllianzGI Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Equity and Convertible Income Fund (NIE): AllianzGI Equity and Convertible Income Fund, formerly AllianzGI Equity & Convertible Income Fund, is a diversified, closed-end management investment company. The Fund?ÇÖs investment objective is to seek total return consisted ....See Detailed Company Profile  and Dividend History.

▶ Alpine Global Dynamic Dividend Fund (AGD): Alpine Global Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Funds primary investment objective is to seek high current dividend income. It also focuses on ....See Detailed Company Profile  and Dividend History.

▶ Alpine Global Premier Properties Fund (AWP): Alpine Global Premier Properties Fund (the Fund) is a diversified, closed-end management investment company. The Fund?ÇÖs primary investment objective is capital appreciation. The Fund?ÇÖs secondary investment objective is high current ....See Detailed Company Profile  and Dividend History.

▶ Alpine Total Dynamic Dividend Fund (AOD): Alpine Total Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Fund has an investment objective to invest in equity securities that provide high current dividend ....See Detailed Company Profile  and Dividend History.

▶ American Capital Senior Floating (ACSF): American Capital Senior Floating, Ltd. (ACSF), incorporated on February 6, 2013, is a non-diversified closed-end investment management company. The Companys investment objective is to provide attractive, risk-adjusted returns over the ....See Detailed Company Profile  and Dividend History.

▶ Ameriprise Financial (AMP): Ameriprise Financial, Inc., incorporated on September 29, 1983, is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice ....See Detailed Company Profile  and Dividend History.

▶ Apollo Global Management LLC (APO): Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual in....See Detailed Company Profile  and Dividend History.

▶ Apollo Investment (AINV): Apollo Investment Corporation, incorporated on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company. The Companys investment objective is to generate current income and capital appreciation. It ....See Detailed Company Profile  and Dividend History.

▶ Ares Capital (ARCC): Ares Capital Corporation, incorporated on April 16, 2004, is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Companys investment objective is to generate ....See Detailed Company Profile  and Dividend History.

▶ Ares Management (ARES): Ares Management, L.P., incorporated on September 3, 1997, is an alternative asset manager. The Company offers its investors a range of investment strategies. The Company operates through three segments: Credit ....See Detailed Company Profile  and Dividend History.

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