Monroe Capital (NASDAQ:MRCC) Issues Earnings Results

Monroe Capital (NASDAQ:MRCC) posted its quarterly earnings data on Thursday. The financial services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02, FiscalAI reports. Monroe Capital had a negative net margin of 9.58% and a positive return on equity of 8.49%. The firm had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.90 million.

Monroe Capital Stock Down 7.0%

MRCC stock traded down $0.34 during mid-day trading on Thursday, hitting $4.50. 293,743 shares of the company were exchanged, compared to its average volume of 111,129. The firm’s 50 day simple moving average is $6.30 and its 200 day simple moving average is $6.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 5.87 and a current ratio of 5.87. Monroe Capital has a 1-year low of $4.47 and a 1-year high of $8.29. The firm has a market cap of $97.52 million, a P/E ratio of -23.68 and a beta of 0.75.

Monroe Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 16.0%. Monroe Capital’s dividend payout ratio (DPR) is currently -378.95%.

Institutional Trading of Monroe Capital

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new position in Monroe Capital during the third quarter worth about $37,000. Kestra Advisory Services LLC bought a new stake in shares of Monroe Capital in the fourth quarter valued at approximately $35,000. O Shaughnessy Asset Management LLC grew its position in Monroe Capital by 22.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,247 shares of the financial services provider’s stock worth $84,000 after buying an additional 2,416 shares in the last quarter. XTX Topco Ltd acquired a new stake in Monroe Capital during the fourth quarter worth approximately $88,000. Finally, Cresset Asset Management LLC bought a new position in Monroe Capital during the 3rd quarter worth $106,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Monroe Capital in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Monroe Capital Company Profile

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.