Equities research analysts forecast that Monroe Capital Corp (NASDAQ:MRCC) will post earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Monroe Capital’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.35. Monroe Capital posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year-over-year growth rate of 5.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 4th.

On average, analysts expect that Monroe Capital will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.40. For the next financial year, analysts forecast that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.08 to $1.40. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The firm had revenue of $15.00 million for the quarter, compared to the consensus estimate of $16.35 million. Monroe Capital had a positive return on equity of 11.38% and a negative net margin of 37.41%.

Several research analysts have commented on the company. B. Riley lowered their target price on Monroe Capital from $11.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Oppenheimer lowered their target price on Monroe Capital from $13.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Janney Montgomery Scott downgraded Monroe Capital from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 1st. Finally, ValuEngine downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Monroe Capital has an average rating of “Hold” and an average price target of $8.33.

NASDAQ MRCC traded up $0.01 during trading on Friday, hitting $6.65. 138,845 shares of the company’s stock were exchanged, compared to its average volume of 219,007. The company has a current ratio of 4.08, a quick ratio of 4.08 and a debt-to-equity ratio of 1.59. The company has a market cap of $133.30 million, a PE ratio of -5.41 and a beta of 1.30. Monroe Capital has a fifty-two week low of $3.56 and a fifty-two week high of $12.18. The stock’s 50 day moving average price is $7.20 and its two-hundred day moving average price is $9.86.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 15.04%. The ex-dividend date is Friday, June 12th. Monroe Capital’s dividend payout ratio is currently 98.59%.

In other news, Director Theodore L. Koenig acquired 28,260 shares of the stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $9.18 per share, with a total value of $259,426.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aaron Daniel Peck acquired 4,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $8.30 per share, with a total value of $33,200.00. The disclosure for this purchase can be found here. Insiders bought 41,095 shares of company stock valued at $327,437 in the last ninety days. 2.30% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in MRCC. Cliffwater LLC increased its position in Monroe Capital by 19.3% during the 1st quarter. Cliffwater LLC now owns 362,394 shares of the financial services provider’s stock valued at $2,573,000 after purchasing an additional 58,618 shares during the period. Blair William & Co. IL boosted its holdings in shares of Monroe Capital by 6.5% during the 1st quarter. Blair William & Co. IL now owns 891,152 shares of the financial services provider’s stock worth $6,327,000 after buying an additional 54,218 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Monroe Capital by 51.0% during the 1st quarter. Two Sigma Advisers LP now owns 158,200 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 53,400 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Monroe Capital by 14.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 366,146 shares of the financial services provider’s stock worth $3,984,000 after buying an additional 45,317 shares in the last quarter. Finally, Claybrook Capital LLC bought a new position in shares of Monroe Capital during the 4th quarter worth approximately $437,000. 23.39% of the stock is owned by institutional investors and hedge funds.

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

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