Monroe Capital: The Risks Are Still Too Excessive To Go Long [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
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Source: Seeking Alpha
Yet, Q1 2024 earnings show a decrease in underlying NAV and a decline in adjusted net investment income, raising questions about dividend sustainability. The leverage has increased, making it the fourth most leveraged BDC, and a significant portion of the borrowings are based on cheap fixed rate financing which will inevitably increase the borrowing costs. The overall fundamentals of MRCC have worsened. My recommendation is to still avoid going long on MRCC. In December last year, I wrote an article on Monroe Capital ( NASDAQ: MRCC ) outlining three specific reasons why investors should, in my opinion, avoid investing in this BDC. These reasons were the following: Low margin of safety in the dividend coverage. Recommended For You Recommended For You
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MRCC
News
- Monroe Capital: 13% Yield Likely Safe, Fundamentals Show Signs Of Deterioration [Seeking Alpha]Seeking Alpha
- 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
- Monroe Capital Supports Growth of Signal 88, LLC [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