Brokerages Anticipate Monroe Capital Corp (MRCC) Will Announce Quarterly Sales of $14.82 Million

Brokerages Anticipate Monroe Capital Corp (MRCC) Will Announce Quarterly Sales of $14.82 Million

Equities analysts expect Monroe Capital Corp (NASDAQ:MRCC) to post $14.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Monroe Capital’s earnings, with the lowest sales estimate coming in at $14.50 million and the highest estimate coming in at $15.50 million. Monroe Capital posted sales of $13.36 million during the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The firm is scheduled to announce its next earnings report on Wednesday, March 13th.

On average, analysts expect that Monroe Capital will report full year sales of $58.64 million for the current year, with estimates ranging from $58.05 million to $60.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $65.04 million, with estimates ranging from $62.46 million to $67.64 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Monroe Capital.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Monroe Capital had a return on equity of 11.44% and a net margin of 12.15%. The company had revenue of $13.78 million for the quarter, compared to analysts’ expectations of $15.36 million.

A number of analysts have issued reports on MRCC shares. TheStreet raised Monroe Capital from a “c” rating to a “b-” rating in a research note on Friday, August 31st. ValuEngine raised Monroe Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. B. Riley set a $14.00 price objective on Monroe Capital and gave the stock a “hold” rating in a research note on Friday, August 10th. Finally, Zacks Investment Research downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.38.

NASDAQ MRCC opened at $11.27 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.01 and a current ratio of 3.01. Monroe Capital has a 12 month low of $10.85 and a 12 month high of $14.65. The company has a market capitalization of $230.82 million, a P/E ratio of 8.05 and a beta of 0.75.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date is Thursday, December 13th. Monroe Capital’s payout ratio is 100.00%.

A number of large investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its stake in Monroe Capital by 11.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 51,249 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 5,125 shares during the last quarter. Ashfield Capital Partners LLC increased its position in shares of Monroe Capital by 31.3% during the 3rd quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 6,461 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Monroe Capital by 11.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 6,858 shares during the last quarter. BB&T Securities LLC increased its position in shares of Monroe Capital by 62.3% during the 2nd quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 7,440 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Monroe Capital by 10.0% during the 3rd quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 8,959 shares during the last quarter. 24.54% of the stock is currently owned by institutional investors and hedge funds.

About Monroe Capital

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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