Brokerages expect Monroe Capital Corp (NASDAQ:MRCC) to post sales of $14.69 million for the current quarter, according to Zacks. Five analysts have issued estimates for Monroe Capital’s earnings. The lowest sales estimate is $14.40 million and the highest is $15.30 million. Monroe Capital posted sales of $12.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.3%. The company is scheduled to issue its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Monroe Capital will report full-year sales of $14.69 million for the current financial year, with estimates ranging from $60.17 million to $67.66 million. For the next fiscal year, analysts expect that the firm will post sales of $67.99 million per share, with estimates ranging from $60.28 million to $74.07 million. Zacks Investment Research’s sales calculations are an average based on a survey of 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 MRCC. Millennium Management LLC raised its stake in Monroe Capital by 589.4% in the 4th quarter. Millennium Management LLC now owns 119,475 shares of the financial services provider’s stock worth $1,643,000 after purchasing an additional 102,144 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Monroe Capital by 83.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 133,939 shares of the financial services provider’s stock worth $1,841,000 after purchasing an additional 60,838 shares in the last quarter. Raymond James & Associates raised its stake in Monroe Capital by 34.5% in the 4th quarter. Raymond James & Associates now owns 110,848 shares of the financial services provider’s stock worth $1,524,000 after purchasing an additional 28,422 shares in the last quarter. Two Sigma Investments LP raised its stake in Monroe Capital by 32.9% in the 4th quarter. Two Sigma Investments LP now owns 112,579 shares of the financial services provider’s stock worth $1,548,000 after purchasing an additional 27,846 shares in the last quarter. Finally, Advantage Investment Management LLC raised its stake in Monroe Capital by 4.7% in the 4th quarter. Advantage Investment Management LLC now owns 82,951 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 3,711 shares in the last quarter. Institutional investors own 27.91% of the company’s stock.
Shares of MRCC traded up $0.01 during midday trading on Wednesday, reaching $12.31. The stock had a trading volume of 105,750 shares, compared to its average volume of 119,677. 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 $248.95, a PE ratio of 8.76 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 11.37%. The ex-dividend date was Thursday, March 15th. Monroe Capital’s dividend payout ratio is presently 100.00%.
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About Monroe Capital
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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