Brokerages forecast that Monroe Capital Corp (NASDAQ:MRCC) will announce earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Monroe Capital’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.35. Monroe Capital reported earnings per share of $0.42 during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.5%. The company is expected to issue its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Monroe Capital will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.40 to $1.55. For the next year, analysts anticipate that the business will report earnings of $1.53 per share, with EPS estimates ranging from $1.40 to $1.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Tuesday, March 5th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Monroe Capital had a net margin of 10.02% and a return on equity of 11.96%.
Several brokerages have issued reports on MRCC. ValuEngine cut shares of Monroe Capital from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Zacks Investment Research cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Wednesday. National Securities reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Monroe Capital in a report on Thursday, March 7th. BidaskClub cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Finally, TheStreet cut shares of Monroe Capital from a “b-” rating to a “c” rating in a report on Friday, November 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.13.
In related news, Chairman Theodore L. Koenig acquired 10,700 shares of the firm’s stock in a transaction dated Friday, December 21st. The stock was purchased at an average cost of $9.34 per share, with a total value of $99,938.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aaron Daniel Peck acquired 4,500 shares of the firm’s stock in a transaction dated Monday, December 24th. The shares were bought at an average cost of $9.20 per share, with a total value of $41,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,436 shares of the company’s stock, valued at $96,011.20. The disclosure for this purchase can be found here. Insiders have bought 16,400 shares of company stock valued at $152,978 over the last three months. 1.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MRCC. Capital Investment Advisory Services LLC purchased a new position in shares of Monroe Capital during the fourth quarter valued at approximately $27,000. CFO4Life Group LLC purchased a new position in shares of Monroe Capital during the fourth quarter valued at approximately $112,000. Wiley BROS. Aintree Capital LLC purchased a new position in shares of Monroe Capital during the fourth quarter valued at approximately $186,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Monroe Capital by 59.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,336 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 8,351 shares during the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Monroe Capital by 4.3% during the fourth quarter. Advisor Group Inc. now owns 27,118 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 1,123 shares during the last quarter. 23.78% of the stock is owned by hedge funds and other institutional investors.
Monroe Capital stock traded up $0.19 during trading hours on Friday, hitting $12.60. The stock had a trading volume of 490,800 shares, compared to its average volume of 158,834. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a market capitalization of $257.61 million, a PE ratio of 8.03 and a beta of 1.16. Monroe Capital has a 12-month low of $9.10 and a 12-month high of $14.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 11.11%. Monroe Capital’s payout ratio is 89.17%.
Monroe Capital Company Profile
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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