Monroe Capital Corporation (NASDAQ:MRCC) – Equities researchers at William Blair dropped their FY2017 EPS estimates for Monroe Capital Corporation in a note issued to investors on Wednesday. William Blair analyst R. Napoli now expects that the financial services provider will post earnings of $1.39 per share for the year, down from their prior forecast of $1.43. William Blair also issued estimates for Monroe Capital Corporation’s Q4 2017 earnings at $0.34 EPS, Q2 2018 earnings at $0.38 EPS and Q4 2018 earnings at $0.41 EPS.

Monroe Capital Corporation (NASDAQ:MRCC) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $12.27 million during the quarter, compared to the consensus estimate of $12.40 million. Monroe Capital Corporation had a net margin of 35.62% and a return on equity of 9.47%.

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Several other research firms have also recently commented on MRCC. BidaskClub upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Ladenburg Thalmann Financial Services upgraded Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 10th. National Securities restated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a research note on Monday, August 14th. Finally, TheStreet cut Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.50.

Shares of Monroe Capital Corporation (NASDAQ:MRCC) opened at $14.18 on Friday. The company has a market capitalization of $291.05, a P/E ratio of 10.34 and a beta of 0.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 3.19. Monroe Capital Corporation has a 12 month low of $13.32 and a 12 month high of $16.20.

In related news, Chairman Theodore L. Koenig purchased 21,800 shares of the stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $13.61 per share, with a total value of $296,698.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of MRCC. Muzinich & Co. Inc. increased its position in shares of Monroe Capital Corporation by 18.7% during the 2nd quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock worth $12,201,000 after purchasing an additional 126,196 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Monroe Capital Corporation during the 2nd quarter worth approximately $1,218,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Monroe Capital Corporation by 14.8% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock worth $6,616,000 after purchasing an additional 59,617 shares during the last quarter. WESPAC Advisors LLC increased its position in shares of Monroe Capital Corporation by 63.9% during the 2nd quarter. WESPAC Advisors LLC now owns 64,940 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 25,308 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Monroe Capital Corporation by 197.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 34,384 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 22,827 shares during the last quarter. 28.69% of the stock is currently owned by hedge funds and other institutional investors.

About Monroe Capital Corporation

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.

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

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