William Blair Weighs in on Monroe Capital Corp’s Q1 2019 Earnings (MRCC)

Monroe Capital Corp (NASDAQ:MRCC) – Analysts at William Blair cut their Q1 2019 EPS estimates for shares of Monroe Capital in a research report issued on Wednesday, November 7th. William Blair analyst R. Napoli now expects that the financial services provider will post earnings of $0.35 per share for the quarter, down from their prior forecast of $0.38. William Blair also issued estimates for Monroe Capital’s Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.44 EPS.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%. The business had revenue of $13.78 million for the quarter, compared to the consensus estimate of $15.36 million.

Several other equities analysts also recently commented on MRCC. Zacks Investment Research downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. TheStreet upgraded Monroe Capital from a “c” rating to a “b-” rating in a research note on Friday, August 31st. Janney Montgomery Scott set a $13.00 price objective on Monroe Capital and gave the company a “buy” rating in a research note on Wednesday. National Securities downgraded Monroe Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $13.00 in a research note on Friday. Finally, BidaskClub downgraded Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Monroe Capital presently has an average rating of “Hold” and a consensus price target of $13.38.

Monroe Capital stock opened at $11.45 on Friday. Monroe Capital has a 12 month low of $11.16 and a 12 month high of $14.65. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $257.81 million, a P/E ratio of 8.18 and a beta of 0.77.

A number of institutional investors have recently bought and sold shares of the stock. Cliffwater LLC lifted its position in shares of Monroe Capital by 65.0% during the third quarter. Cliffwater LLC now owns 210,642 shares of the financial services provider’s stock worth $2,858,000 after acquiring an additional 82,987 shares in the last quarter. Rothschild Investment Corp IL lifted its position in shares of Monroe Capital by 15.0% during the third quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock worth $1,454,000 after acquiring an additional 14,000 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Monroe Capital by 13.6% during the second quarter. Stephens Inc. AR now owns 97,547 shares of the financial services provider’s stock worth $1,315,000 after acquiring an additional 11,653 shares in the last quarter. WESPAC Advisors LLC lifted its position in shares of Monroe Capital by 72.1% during the third quarter. WESPAC Advisors LLC now owns 68,990 shares of the financial services provider’s stock worth $936,000 after acquiring an additional 28,910 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Monroe Capital by 11.2% during the third quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 6,858 shares in the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

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.

Further Reading: Dollar Cost Averaging

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

Receive News & Ratings for Monroe Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply