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MRCC - Monroe Capital: Significantly Undervalued With Double-Digit Yield
Monroe Capital Corporation
2024-03-29 04:29:19 ET
Summary
Monroe Capital's stock price has declined in the past three years, but the company remains fundamentally sound with strong end markets and a fully covered dividend.
The company is well-positioned in the lower middle private credit market, which has seen growth due to tightening lending policies and increased demand from lower- and middle-market companies.
Monroe Capital has improved its debt and liquidity position, has a strong portfolio credit quality, and is actively seeking attractive investment opportunities.