28-Mar-2024
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Monroe Capital Corporation BDC Announces Fourth Quarter and Full Year 2023 Results
Globe Newswire (Mon, 11-Mar 4:25 PM ET)
Monroe Capital Corporation Announces First Quarter Distribution of $0.25 Per Share
Globe Newswire (Tue, 5-Mar 4:04 PM ET)
Globe Newswire (Wed, 14-Feb 4:01 PM ET)
Monroe Capital Corp is a speciality finance company focused on providing financing to lower middle-market companies, in the U.S. and Canada. The company provides customized financing solutions focused on senior, unitranche, and junior secured debt and unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants.
Monroe Capital - Closed End trades on the NASDAQ stock market under the symbol MRCC.
As of March 28, 2024, MRCC stock price declined to $7.20 with 88,607 million shares trading.
MRCC has a beta of 0.55, meaning it tends to be less sensitive to market movements. MRCC has a correlation of 0.07 to the broad based SPY ETF.
MRCC has a market cap of $156.00 million. This is considered a Micro Cap stock.
Last quarter Monroe Capital - Closed End reported $16 million in Revenue and $.26 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.01.
In the last 3 years, MRCC stock traded as high as $11.85 and as low as $6.69.
The top ETF exchange traded funds that MRCC belongs to (by Net Assets): VPC, DVDN.
MRCC has underperformed the market in the last year with a return of +7.9%, while the SPY ETF gained +33.6%. In the last 3 month period, MRCC fell short of the market, returning +7.2%, while SPY returned +10.1%. However, in the most recent 2 weeks MRCC has outperformed the stock market by returning +4.8%, while SPY returned +1.7%.
MRCC support price is $7.18 and resistance is $7.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MRCC stock will trade within this expected range on the day.