Monroe Capital Corp Q4 net investment income rises q-o-q

Overview

• Specialty finance firm's Q4 net investment income rose q-o-q, but NAV decreased

• Company anticipates merger with Horizon Technology Finance by early Q2 2026

Outlook

• Monroe Capital anticipates merger with HRZN to close by early Q2 2026

• Company expects merger to unlock value and provide long-term upside

Result Drivers

• NAV DECREASE - NAV fell to $166.5 mln due to spillover income utilization and net unrealized losses

• EXPENSE REDUCTION - Lower interest expense and management fees contributed to reduced total expenses

Company press release: ID:nGNX3D5zHh

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the closed end funds peer group is "buy."

• Wall Street's median 12-month price target for Monroe Capital Corp is $8.50, about 75.6% above its March 4 closing price of $4.84

• The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 10 three months ago

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