William Blair Analysts Decrease Earnings Estimates for Monroe Capital Corp (MRCC)

Monroe Capital Corp (NASDAQ:MRCC) – Equities researchers at William Blair reduced their Q3 2018 EPS estimates for shares of Monroe Capital in a research note issued on Wednesday, August 8th. William Blair analyst R. Napoli now forecasts that the financial services provider will earn $0.36 per share for the quarter, down from their prior forecast of $0.39. William Blair also issued estimates for Monroe Capital’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.55 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.41 EPS and FY2020 earnings at $1.81 EPS.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%. The company had revenue of $14.82 million during the quarter, compared to the consensus estimate of $15.31 million.

A number of other brokerages also recently issued reports on MRCC. BidaskClub upgraded Monroe Capital from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. ValuEngine downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. B. Riley set a $14.00 target price on Monroe Capital and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research raised Monroe Capital from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, July 11th. Finally, National Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a research note on Monday, May 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.33.

Shares of Monroe Capital opened at $13.73 on Monday, according to Marketbeat Ratings. Monroe Capital has a 1 year low of $12.18 and a 1 year high of $14.80. The company has a quick ratio of 2.78, a current ratio of 2.08 and a debt-to-equity ratio of 0.87. The stock has a market cap of $281.32 million, a PE ratio of 9.81 and a beta of 0.69.

In other Monroe Capital news, Director Jeffrey A. Golman bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was acquired at an average price of $13.62 per share, with a total value of $108,960.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $136,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Palo Capital Inc. acquired a new stake in Monroe Capital in the second quarter valued at approximately $166,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Monroe Capital in the second quarter valued at approximately $192,000. JPMorgan Chase & Co. grew its stake in Monroe Capital by 630.3% in the first quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 16,389 shares during the period. Ashfield Capital Partners LLC acquired a new stake in Monroe Capital in the second quarter valued at approximately $279,000. Finally, Freestone Capital Holdings LLC grew its stake in Monroe Capital by 68.0% in the first quarter. Freestone Capital Holdings LLC now owns 23,389 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 9,466 shares during the period. 26.50% of the stock is owned by institutional investors and hedge funds.

Monroe Capital Company Profile

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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Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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