Monroe Capital Corp (NASDAQ:MRCC) – Research analysts at B. Riley upped their FY2018 earnings per share estimates for Monroe Capital in a research report issued to clients and investors on Thursday, November 8th, Zacks Investment Research reports. B. Riley analyst T. Hayes now anticipates that the financial services provider will post earnings per share of $1.57 for the year, up from their previous forecast of $1.54. B. Riley currently has a “Neutral” rating and a $12.50 target price on the stock. B. Riley also issued estimates for Monroe Capital’s Q4 2018 earnings at $0.38 EPS and Q3 2019 earnings at $0.39 EPS.
Monroe Capital (NASDAQ:MRCC) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%. The company had revenue of $13.78 million during the quarter, compared to the consensus estimate of $15.36 million.
Shares of MRCC traded down $0.01 on Friday, reaching $11.35. 209,952 shares of the company’s stock were exchanged, compared to its average volume of 105,759. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $232.25 million, a price-to-earnings ratio of 8.11 and a beta of 0.76. Monroe Capital has a 12 month low of $10.85 and a 12 month high of $14.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 12.33%. Monroe Capital’s dividend payout ratio (DPR) is presently 100.00%.
A number of hedge funds have recently made changes to their positions in MRCC. Palo Capital Inc. bought a new stake in Monroe Capital during the 2nd quarter valued at $166,000. Raymond James Financial Services Advisors Inc. bought a new stake in Monroe Capital during the 2nd quarter valued at $192,000. JPMorgan Chase & Co. increased its stake in Monroe Capital by 630.3% during the 1st quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 16,389 shares in the last quarter. BB&T Securities LLC increased its stake in 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 in the last quarter. Finally, Ashfield Capital Partners LLC bought a new stake in Monroe Capital during the 2nd quarter valued at $279,000. Institutional investors and hedge funds own 24.54% of the company’s stock.
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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