Monroe Capital (NASDAQ:MRCC – Get Free Report) 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 – Get Free Report) 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
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.
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