$17.60 Million in Sales Expected for Monroe Capital Corp (NASDAQ:MRCC) This Quarter
Equities analysts predict that Monroe Capital Corp (NASDAQ:MRCC) will announce sales of $17.60 million for the current quarter, Zacks reports. Five analysts have issued estimates for Monroe Capital’s earnings, with estimates ranging from $17.10 million to $18.20 million. Monroe Capital reported sales of $13.78 million during the same quarter last year, which indicates a positive year over year growth rate of 27.7%. The company is scheduled to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Monroe Capital will report full year sales of $68.43 million for the current financial year, with estimates ranging from $67.45 million to $69.56 million. For the next fiscal year, analysts anticipate that the firm will post sales of $74.96 million, with estimates ranging from $71.67 million to $81.08 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Monroe Capital.
Monroe Capital (NASDAQ:MRCC) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Monroe Capital had a return on equity of 11.43% and a net margin of 18.88%. The company had revenue of $16.72 million during the quarter, compared to analysts’ expectations of $17.00 million.
Shares of MRCC traded down $0.25 during midday trading on Friday, hitting $10.23. The company had a trading volume of 75,809 shares, compared to its average volume of 108,233. The company’s 50-day simple moving average is $10.60 and its 200-day simple moving average is $11.64. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.21 and a current ratio of 4.21. The firm has a market capitalization of $209.15 million, a P/E ratio of 6.52 and a beta of 1.16. Monroe Capital has a 1 year low of $9.10 and a 1 year high of $13.87.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.69%. The ex-dividend date of this dividend is Friday, September 13th. Monroe Capital’s payout ratio is presently 89.17%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Alera Investment Advisors LLC boosted its stake in shares of Monroe Capital by 45.0% in the 1st quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,466 shares during the period. Stephens Inc. AR boosted its stake 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 valued at $659,000 after buying an additional 1,551 shares during the period. Commonwealth Equity Services LLC boosted its stake 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 valued at $1,585,000 after buying an additional 2,488 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Monroe Capital in the 2nd quarter valued at about $30,000. Finally, Crewe Advisors LLC purchased a new position in shares of Monroe Capital in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 22.38% of the company’s stock.
About Monroe Capital
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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