MRCC - Monroe Capital: Why This 13.4% Yielder Sold Off 21% And What Comes Next
They say almost everything becomes attractive at the right price. And considering the 21% sell-off in 13.4% yield, Monroe Capital (MRCC) (due to its company-specific challenges, combined with the overall industry and market sell-off), it is increasingly tempting to consider the shares of this diversified business development company ("BDC"). This article provides a background on Monroe, analyzes its portfolio, and, finally, concludes with our opinion on whether investors should consider buying shares given its high dividend yield and low valuation.
Overview:
Monroe Capital Corp. is a closed-end, externally managed business development company incorporated