William Blair Comments on Monroe Capital Corp’s Q2 2020 Earnings (NASDAQ:MRCC)

Monroe Capital Corp (NASDAQ:MRCC) – Equities research analysts at William Blair reduced their Q2 2020 earnings per share (EPS) estimates for Monroe Capital in a report issued on Monday, November 11th. William Blair analyst R. Napoli now forecasts that the financial services provider will post earnings per share of $0.35 for the quarter, down from their previous forecast of $0.36. William Blair also issued estimates for Monroe Capital’s Q3 2020 earnings at $0.35 EPS, Q4 2020 earnings at $0.35 EPS and FY2021 earnings at $1.40 EPS.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Monroe Capital had a return on equity of 11.38% and a net margin of 24.99%. The business had revenue of $17.33 million during the quarter, compared to analyst estimates of $17.60 million.

Several other research analysts have also commented on MRCC. ValuEngine lowered Monroe Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Zacks Investment Research upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, B. Riley set a $12.00 price target on Monroe Capital and gave the stock a “hold” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Monroe Capital currently has a consensus rating of “Hold” and an average target price of $13.00.

MRCC opened at $10.93 on Tuesday. Monroe Capital has a 52 week low of $9.10 and a 52 week high of $13.38. The business has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $11.14. The firm has a market cap of $224.28 million, a P/E ratio of 6.96 and a beta of 1.18. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 1.71.

A number of large investors have recently added to or reduced their stakes in the stock. Rothschild Investment Corp IL boosted its holdings in shares of Monroe Capital by 10.2% in the 2nd quarter. Rothschild Investment Corp IL now owns 85,341 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 7,891 shares during the period. Quad Cities Investment Group LLC boosted its holdings in shares of Monroe Capital by 164.1% in the 2nd quarter. Quad Cities Investment Group LLC now owns 8,187 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 5,087 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Monroe Capital by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 137,417 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 2,488 shares during the period. Ashfield Capital Partners LLC boosted its holdings in shares of Monroe Capital by 5.9% in the 2nd quarter. Ashfield Capital Partners LLC now owns 127,887 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 7,151 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of Monroe Capital by 2.8% in the 2nd quarter. Stephens Inc. AR now owns 57,138 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 1,551 shares during the period. Hedge funds and other institutional investors own 21.94% 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.

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

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