Monroe Capital (MRCC) Set to Announce Earnings on Wednesday

Monroe Capital (NASDAQ:MRCC) is scheduled to release its earnings data after the market closes on Wednesday, November 8th. Analysts expect Monroe Capital to post earnings of $0.27 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Wednesday, August 9th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $16.35 million during the quarter, compared to analyst estimates of $16.63 million. Monroe Capital had a net margin of 4.29% and a return on equity of 11.05%. On average, analysts expect Monroe Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Monroe Capital Trading Down 1.6 %

Shares of NASDAQ:MRCC opened at $6.95 on Monday. The firm has a fifty day moving average of $7.28 and a two-hundred day moving average of $7.68. The firm has a market capitalization of $150.61 million, a P/E ratio of 49.65 and a beta of 1.17. Monroe Capital has a 12-month low of $6.69 and a 12-month high of $9.30. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 1.52.

Monroe Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.39%. The ex-dividend date was Thursday, September 14th. Monroe Capital’s payout ratio is presently 714.34%.

Institutional Investors Weigh In On Monroe Capital

Several institutional investors and hedge funds have recently modified their holdings of the business. Castleview Partners LLC bought a new stake in Monroe Capital during the second quarter valued at about $40,000. Captrust Financial Advisors bought a new stake in Monroe Capital during the second quarter valued at about $112,000. Wells Fargo & Company MN boosted its holdings in Monroe Capital by 29.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,982 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 3,441 shares during the period. Baird Financial Group Inc. boosted its holdings in Monroe Capital by 20.7% during the fourth quarter. Baird Financial Group Inc. now owns 17,029 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 2,924 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in Monroe Capital by 22.6% during the third quarter. CIBC Private Wealth Group LLC now owns 21,676 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 18.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MRCC has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Monroe Capital in a research note on Thursday, October 5th. They issued a “hold” rating for the company. B. Riley reduced their price objective on shares of Monroe Capital from $8.25 to $8.00 and set a “neutral” rating for the company in a research note on Friday, August 11th.

About Monroe Capital

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.