Wall Street brokerages expect Monroe Capital Corp (NASDAQ:MRCC) to announce earnings per share of $0.34 for the current quarter, according to Zacks. Five analysts have made estimates for Monroe Capital’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.32. Monroe Capital reported earnings per share of $0.35 during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is expected to issue its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Monroe Capital will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.40. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Monroe Capital.

MRCC has been the topic of a number of research analyst reports. TheStreet upgraded Monroe Capital from a “c+” rating to a “b” rating in a report on Monday, November 27th. National Securities restated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital in a research note on Monday, November 13th. Finally, Zacks Investment Research upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Monroe Capital presently has an average rating of “Hold” and an average price target of $16.50.

A number of hedge funds and other institutional investors have recently modified their holdings of MRCC. Muzinich & Co. Inc. grew its stake in Monroe Capital by 18.7% in the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after purchasing an additional 126,196 shares in the last quarter. Bank of Montreal Can purchased a new position in Monroe Capital in the second quarter valued at about $1,218,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in Monroe Capital by 14.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock valued at $6,616,000 after purchasing an additional 59,617 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in Monroe Capital by 55.2% in the third quarter. Mckinley Capital Management LLC Delaware now owns 127,539 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 45,346 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Monroe Capital by 29.9% in the third quarter. Chicago Partners Investment Group LLC now owns 128,178 shares of the financial services provider’s stock worth $1,834,000 after buying an additional 29,509 shares during the last quarter. Hedge funds and other institutional investors own 29.94% of the company’s stock.

Monroe Capital (NASDAQ MRCC) opened at $14.04 on Friday. Monroe Capital has a twelve month low of $13.32 and a twelve month high of $16.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $284.47, a price-to-earnings ratio of 10.21 and a beta of 0.56.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.40 dividend on an annualized basis and a yield of 9.97%. Monroe Capital’s dividend payout ratio (DPR) is currently 142.86%.

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Monroe Capital Company Profile

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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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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