Monroe Capital reported the purchase of more than 237,500 shares of Monroe Capital common stock by officers and directors of the company and senior management of Monroe Capital Management Advisors, an affiliate of the company’s investment advisor.
Theodore L. Koenig, CEO of the company, increased his shareholdings in Monroe Capital by 60,760 shares at a cost of approximately $470,000 as disclosed in recent Form 4 filings with the SEC. In addition, Thomas J. Allison, Jorde M. Nathan, Robert S. Rubin, and Jeffrey D. Steele, independent directors of the company, collectively increased their shareholdings in Monroe Capital by 35,835 shares as disclosed, or to be disclosed, in Form 4 filings with the SEC. Senior management of Monroe Capital Management Advisors collectively increased their shareholdings by more than 200,000 shares.
“Given all the volatility in the capital markets recently, in my opinion, the share price of MRCC does not properly reflect the value of the company and presents a very attractive investment option,” Koenig said. “These recent purchases of company stock in the open market demonstrate management’s confidence in the company’s long-term stability and growth potential.”
Monroe Capital is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies.