Monroe Capital (NASDAQ:MRCC) Releases Earnings Results

Monroe Capital (NASDAQ:MRCC) issued its quarterly earnings data on Thursday. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02, FiscalAI reports. The firm had revenue of $8.16 million during the quarter, compared to the consensus estimate of $7.90 million. Monroe Capital had a negative net margin of 9.58% and a positive return on equity of 8.49%.

Monroe Capital Price Performance

Shares of NASDAQ MRCC traded down $0.26 during mid-day trading on Friday, reaching $4.24. 306,334 shares of the company traded hands, compared to its average volume of 115,116. The stock has a fifty day simple moving average of $6.27 and a 200-day simple moving average of $6.67. The company has a debt-to-equity ratio of 1.22, a current ratio of 5.87 and a quick ratio of 5.87. The firm has a market cap of $91.88 million, a PE ratio of -22.32 and a beta of 0.75. Monroe Capital has a fifty-two week low of $4.20 and a fifty-two week high of $8.29.

Monroe Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Monday, March 16th. Monroe Capital’s dividend payout ratio is currently -378.95%.

Hedge Funds Weigh In On Monroe Capital

A number of hedge funds and other institutional investors have recently modified their holdings of MRCC. Janney Montgomery Scott LLC boosted its stake in shares of Monroe Capital by 9.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,770 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,787 shares during the period. Equitable Holdings Inc. grew its stake in Monroe Capital by 8.7% in the 3rd quarter. Equitable Holdings Inc. now owns 28,384 shares of the financial services provider’s stock valued at $199,000 after buying an additional 2,277 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Monroe Capital by 22.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,247 shares of the financial services provider’s stock worth $84,000 after buying an additional 2,416 shares during the period. LPL Financial LLC boosted its holdings in Monroe Capital by 4.3% in the 4th quarter. LPL Financial LLC now owns 61,573 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 2,517 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Monroe Capital by 13.0% in the 2nd quarter. Baird Financial Group Inc. now owns 34,031 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 3,911 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Monroe Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Monroe Capital Company Profile

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.