Dividend Channel
Market News Video Dividend Detective The Warren Buffetts Next Door Stock message boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Hercules Technology Growth Capital About To Put More Money In Your Pocket (HTGC)
Wednesday, February 28, 9:57 AM ET, by Market News Video Staff

On 3/2/18, Hercules Technology Growth Capital (HTGC) will trade ex-dividend, for its quarterly dividend of ...

Goldman Sachs BDC is Oversold
Wednesday, February 28, 11:39 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

THL Credit Enters Oversold Territory (TCRD)
Wednesday, February 28, 4:29 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

GAIN Makes Notable Cross Below Critical Moving Average
Wednesday, February 28, 4:53 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Gladstone Investment Corporation - Business Develo (GAIN) crossed below ...

Hercules Technology Growth Capital Enters Oversold Territory
Thursday, March 1, 12:43 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Investors Snag MRCC 7.7% Lower Than Its Secondary Stock Offering

By Dividend Channel Staff, Monday, September 11, 11:32 AM ET
Play Video: The Importance of ETFs

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Looking back to 94 days ago, Monroe Capital Corporation (NASDAQ:MRCC) priced a 3,000,000 share secondary stock offering at $15.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Monday, bargain hunters could buy shares of MRCC and achieve a cost basis 7.7% cheaper than those buyers, with shares changing hands as low as $13.85 per share. It should be noted that investors at the secondary have collected $0.35/share in dividends since the time of their purchase, so they are currently down 5.3% on their purchase from a total return basis.

Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Monroe Capital Corporation shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of MRCC shares, versus its 200 day moving average:

Monroe Capital Corporation Chart

Looking at the chart above, MRCC's low point in its 52 week range is $13.41 per share, with $16.37 as the 52 week high point that compares with a last trade of $13.94.

The current annualized dividend paid by Monroe Capital Corporation is $1.40/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/14/2017. Below is a long-term dividend history chart for MRCC, which can be of good help in judging whether the most recent dividend with approx. 10.1% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, MRCC makes up 1.29% of the BDC Income ETF (AMEX:BIZD) which is trading higher by about 0.1% on the day Monday.

See what other ETFs contain MRCC
See what other stocks are held by BIZD

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

This Article's Word Cloud:   AMEX   According   Arial   BIZD   Below   Buyers   Capital   Channel   Corporation   Dividend   ETFs   Finder   Income   Looking   MRCC   Monday   Monroe   Newsletter   Offer   about   annualized   basis   chart   currently   dividend   escape   fillColor   investment   investors   last   most   offering   other   paid   point   priced   purchase   recent   secondary   share   shares   stock   that   their   time   trading   week   what   which   with

Investors Snag MRCC 7.7% Lower Than Its Secondary Stock Offering | www.DividendChannel.com | Copyright © 2010 - 2018, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.