Monroe Capital: Optical Improvements And Weak Fundamentals [Seeking Alpha]
Monroe Capital Corporation - Closed End Fund (MRCC)
Last monroe capital corporation - closed end fund earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.monroebdc.com/investor-relations
Company Research
Source: Seeking Alpha
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. Hiroshi Watanabe I have been covering Monroe Capital (NASDAQ: NASDAQ: MRCC ) since December last year. Both my initial and the follow-up article in which I assessed the Q1, 2024 dynamics outlining a relatively bearish case. The reason for this was simple - the underlying risks were too excessive to open a long-term stake in the BDC. For example, such metrics as leverage, dividend coverage and deteriorating portfolio quality all embodied characteristics, which resemble high aggressiveness and low margin of safety on
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MRCC
News
- Monroe Capital Co. (NASDAQ: MRCC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Monroe Capital Corp (MRCC) Q3 2024 Earnings Call Highlights: Strategic Partnerships and ... [Yahoo! Finance]Yahoo! Finance
- Monroe Capital (MRCC) Tops Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Monroe Capital Corporation BDC Announces Third Quarter 2024 ResultsGlobeNewswire
- GrowthCap Announces The Top Private Debt Firms of 2024, The Best Capital Partners To CompaniesPR Web
MRCC
Earnings
- 11/12/24 - Beat
MRCC
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 10/22/24 - Form 8-K
- MRCC's page on the SEC website