Equities research analysts expect Monroe Capital (NASDAQ:MRCC) to announce earnings per share (EPS) of $0.35 for the current quarter, Zacks reports. Five analysts have provided estimates for Monroe Capital’s earnings, with estimates ranging from $0.34 to $0.36. Monroe Capital reported earnings of $0.36 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Monroe Capital will report full year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.43 to $1.50. For the next financial year, analysts forecast that the business will report earnings of $1.55 per share, with EPS estimates ranging from $1.44 to $1.72. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Wednesday, March 14th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Monroe Capital had a return on equity of 9.58% and a net margin of 23.78%. The firm had revenue of $13.36 million for the quarter, compared to analysts’ expectations of $13.35 million.
A number of brokerages recently commented on MRCC. Zacks Investment Research cut Monroe Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BidaskClub upgraded Monroe Capital from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 22nd. ValuEngine cut Monroe Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. TheStreet cut Monroe Capital from a “b-” rating to a “c” rating in a research report on Wednesday, April 11th. Finally, B. Riley began coverage on Monroe Capital in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $13.50 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Monroe Capital presently has an average rating of “Hold” and an average target price of $15.50.
In other Monroe Capital news, Chairman Theodore L. Koenig acquired 27,367 shares of Monroe Capital stock in a transaction that occurred on Friday, March 16th. The shares were acquired at an average cost of $12.36 per share, with a total value of $338,256.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in Monroe Capital by 589.4% in the fourth quarter. Millennium Management LLC now owns 119,475 shares of the financial services provider’s stock valued at $1,643,000 after buying an additional 102,144 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Monroe Capital by 83.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 133,939 shares of the financial services provider’s stock valued at $1,841,000 after purchasing an additional 60,838 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Monroe Capital by 34.5% during the fourth quarter. Raymond James & Associates now owns 110,848 shares of the financial services provider’s stock valued at $1,524,000 after purchasing an additional 28,422 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Monroe Capital by 32.9% during the fourth quarter. Two Sigma Investments LP now owns 112,579 shares of the financial services provider’s stock valued at $1,548,000 after purchasing an additional 27,846 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its stake in shares of Monroe Capital by 4.7% during the fourth quarter. Advantage Investment Management LLC now owns 82,951 shares of the financial services provider’s stock valued at $1,141,000 after purchasing an additional 3,711 shares in the last quarter. 28.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ MRCC traded up $0.15 during mid-day trading on Thursday, reaching $12.58. The company had a trading volume of 25,644 shares, compared to its average volume of 114,930. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.85 and a current ratio of 1.85. Monroe Capital has a one year low of $12.18 and a one year high of $16.20. The stock has a market capitalization of $252.19, a P/E ratio of 8.88 and a beta of 0.60.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 11.13%. The ex-dividend date was Thursday, March 15th. Monroe Capital’s dividend payout ratio (DPR) is presently 100.00%.
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About Monroe Capital
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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