Monroe Capital: 13% Yield Likely Safe, Fundamentals Show Signs Of Deterioration [Seeking Alpha]
Monroe Capital Corporation - Closed End Fund (MRCC)
Last monroe capital corporation - closed end fund earnings: 3/3 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.monroebdc.com/investor-relations
Company Research
Source: Seeking Alpha
Latest quarterly earnings showed a decline in net investment income and total investment income, with an increase in non-accruals. Despite solid balance sheet and ability to cover dividend, NAV erosion and potential headwinds from non-accruals may impact future performance. The discount to NAV makes the 13% yield attractive, but investors should proceed with caution before investing in Monroe Capital. I think the 13% yield is likely safe for the medium term, but current investors should keep a close eye on further rises in non-accruals, which could ultimately impact their financials in the coming quarters. Introduction Many Business Development Companies have done well since the rapid rise of interest rates starting in 2022 until now. One reason is a result of their business structures, lending to lower and middle-market companies, thus gaining extra income from their borrowers during Recommended For You Recommended For You About MRCC Ticker More on MRCC Related S
Show less
Read more
Impact Snapshot
Event Time:
MRCC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MRCC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MRCC alerts
High impacting Monroe Capital Corporation - Closed End Fund news events
Weekly update
A roundup of the hottest topics
MRCC
News
- Monroe Capital Supports Protos Security's Acquisition of Summit Off Duty Services [Yahoo! Finance]Yahoo! Finance
- Horizon Technology Finance Enhances Capital Resources and Increases Capacity via New $100 Million Credit Facility [Yahoo! Finance]Yahoo! Finance
- Monroe Capital Supports Superior Waste Industries, LLC's Add-On Acquisitions [Yahoo! Finance]Yahoo! Finance
- Monroe Capital Supports Specialized Packaging Group's Acquisition of Clark Foam Corporation [Yahoo! Finance]Yahoo! Finance
- Monroe Capital Supports Haveli Investments' Acquisition of ZeroFox [Yahoo! Finance]Yahoo! Finance
MRCC
Earnings
- 5/8/24 - Miss
MRCC
Sec Filings
- 6/18/24 - Form 8-K
- 6/3/24 - Form 8-K
- 5/22/24 - Form DEFA14A
- MRCC's page on the SEC website