Equities analysts predict that Monroe Capital (NASDAQ:MRCC) will announce sales of $14.69 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Monroe Capital’s earnings, with the lowest sales estimate coming in at $14.40 million and the highest estimate coming in at $15.30 million. Monroe Capital posted sales of $12.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.3%. The company is expected to announce its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Monroe Capital will report full year sales of $62.69 million for the current financial year, with estimates ranging from $60.17 million to $67.66 million. For the next financial year, analysts expect that the company will post sales of $67.99 million per share, with estimates ranging from $60.28 million to $74.07 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Wednesday, March 14th. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Monroe Capital had a net margin of 23.78% and a return on equity of 9.58%. The company had revenue of $13.36 million during the quarter, compared to the consensus estimate of $13.35 million.
In related news, Chairman Theodore L. Koenig bought 27,367 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was bought at an average price of $12.36 per share, for a total transaction of $338,256.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advantage Investment Management LLC lifted its stake in shares of Monroe Capital by 4.7% during the 4th quarter. Advantage Investment Management LLC now owns 82,951 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 3,711 shares during the last quarter. Stephens Inc. AR raised its stake in Monroe Capital by 7.6% in the 4th quarter. Stephens Inc. AR now owns 80,300 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 5,644 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Monroe Capital by 3.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 191,096 shares of the financial services provider’s stock worth $2,735,000 after purchasing an additional 6,762 shares in the last quarter. Stifel Financial Corp acquired a new stake in Monroe Capital in the 3rd quarter worth about $143,000. Finally, Citadel Advisors LLC acquired a new stake in Monroe Capital in the 3rd quarter worth about $144,000. Institutional investors own 28.50% of the company’s stock.
Shares of MRCC traded down $0.11 during midday trading on Friday, reaching $12.66. The stock had a trading volume of 100,553 shares, compared to its average volume of 104,010. Monroe Capital has a one year low of $12.18 and a one year high of $16.20. The company has a market cap of $258.46, a PE ratio of 9.04 and a beta of 0.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.85 and a quick ratio of 1.85.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.06%. The ex-dividend date of this dividend was Thursday, March 15th. Monroe Capital’s dividend payout ratio is presently 100.00%.
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Monroe Capital Company Profile
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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