Monroe Capital (MRCC) is set to report earnings on Monday

Monroe Capital (NASDAQ:MRCC – Get Rating) is set to release earnings data after market close on Monday, November 7. Analysts expect Monroe Capital to post earnings of $0.25 per share for the quarter. Those wishing to listen to the company’s earnings conference call can do so using this link.

Monroe Capital (NASDAQ:MRCC – Get Rating) last released its quarterly earnings data on Tuesday, August 2. The financial services provider reported earnings per share (EPS) of $0.25 for the quarter, meeting analyst consensus estimates of $0.25. Monroe Capital had a return on equity of 9.30% and a net margin of 14.06%. The company posted revenue of $13.00 million for the quarter, versus a consensus estimate of $12.62 million. On average, analysts expect Monroe Capital to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.

Monroe Capital trades up 1.6%

MRCC shares opened at $7.57 on Monday. The company has a debt ratio of 1.36, a quick ratio of 2.48 and a current ratio of 2.48. Monroe Capital has a 52-week low of $7.20 and a 52-week high of $11.85. The company has a market capitalization of $164.01 million, a PE ratio of 21.03 and a beta of 1.17. The company’s 50-day moving average is $7.98 and its 200-day moving average is $9.03.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Thursday, September 15 received a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 14. This represents a dividend of $1.00 on an annualized basis and a yield of 13.21%. Monroe Capital’s payout ratio is 277.79%.

Monroe Capital Institutional Trading

Several large investors have recently changed their holdings in MRCC. Captrust Financial Advisors bought a new equity stake in Monroe Capital in the second quarter worth approximately $112,000. Forum Financial Management LP acquired a new stake in Monroe Capital during Q1 worth approximately $215,000. Citadel Advisors LLC increased its position in Monroe Capital by 139.7% in the second quarter. Citadel Advisors LLC now owns 47,933 shares of the financial services provider valued at $433,000 after acquiring 27,938 additional shares last quarter. Goldman Sachs Group Inc. acquired a new stake in Monroe Capital during Q2, valued at approximately $751,000. Finally, Cetera Investment Advisers strengthened its position in Monroe Capital by 18.6% in the 1st quarter. Cetera Investment Advisers now owns 105,388 shares of the financial services provider valued at $1,137,000 after acquiring an additional 16,540 shares last quarter. 18.83% of the shares are held by institutional investors.

Analyst upgrades and downgrades

A number of equity research analysts have weighed in on the company. B. Riley assumed coverage for Monroe Capital in a research report on Friday, September 16. They set a “neutral” rating and a price target of $8.00 on the stock. Oppenheimer rephrased a “market performance” rating on Monroe Capital shares in a Monday, Aug. 8 research report. Finally, StockNews.com upgraded Monroe Capital from a “sell” rating to a “hold” rating in a Thursday, October 20 report.

Monroe Capital Company Profile

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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 capital, including co- capital investments in preferred and common stocks and warrants.

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Earnings history for Monroe Capital (NASDAQ:MRCC)

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