Equities analysts expect Monroe Capital Corp (NASDAQ:MRCC) to post $16.32 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Monroe Capital’s earnings, with the highest sales estimate coming in at $17.08 million and the lowest estimate coming in at $15.75 million. Monroe Capital reported sales of $14.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is scheduled to announce its next earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Monroe Capital will report full year sales of $69.36 million for the current year, with estimates ranging from $66.19 million to $73.90 million. For the next financial year, analysts expect that the firm will post sales of $76.32 million, with estimates ranging from $69.64 million to $85.54 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, March 5th. 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 11.96% and a net margin of 10.02%.
Several institutional investors have recently modified their holdings of MRCC. Capital Investment Advisory Services LLC acquired a new position in shares of Monroe Capital during the 4th quarter worth approximately $27,000. CFO4Life Group LLC acquired a new position in shares of Monroe Capital during the 4th quarter worth approximately $112,000. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Monroe Capital during the 4th quarter worth approximately $186,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Monroe Capital by 59.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,336 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 8,351 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of Monroe Capital by 4.3% during the 4th quarter. Advisor Group Inc. now owns 27,118 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,123 shares during the last quarter. Hedge funds and other institutional investors own 23.78% of the company’s stock.
Shares of NASDAQ:MRCC opened at $12.14 on Monday. The company has a market cap of $248.20 million, a PE ratio of 7.73 and a beta of 1.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.49 and a current ratio of 3.49. Monroe Capital has a 12 month low of $9.10 and a 12 month high of $14.65.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 11.53%. Monroe Capital’s dividend payout ratio is currently 89.17%.
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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