Monroe Capital (NASDAQ:MRCC) Posts Earnings Results, Misses Expectations By $0.06 EPS

Monroe Capital (NASDAQ:MRCC) released its quarterly earnings data on Wednesday. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06), Zacks reports. The business had revenue of $6.87 million during the quarter, compared to analyst estimates of $8.84 million. Monroe Capital had a net margin of 3.74% and a return on equity of 10.70%.

Monroe Capital Price Performance

Monroe Capital stock traded down $0.30 during mid-day trading on Thursday, reaching $6.62. 57,117 shares of the company were exchanged, compared to its average volume of 82,318. The company has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $6.78. Monroe Capital has a 12 month low of $5.96 and a 12 month high of $8.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.02 and a quick ratio of 4.02. The firm has a market cap of $143.32 million, a PE ratio of 73.50 and a beta of 0.91.

Monroe Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 15.1%. The ex-dividend date was Monday, September 22nd. Monroe Capital’s dividend payout ratio (DPR) is 1,111.11%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Monroe Capital in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $7.63.

Hedge Funds Weigh In On Monroe Capital

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake in Monroe Capital by 35.3% during the 2nd quarter. Osaic Holdings Inc. now owns 26,250 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 6,845 shares during the period. Baird Financial Group Inc. increased its stake in Monroe Capital by 13.0% during the 2nd quarter. Baird Financial Group Inc. now owns 34,031 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 3,911 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Monroe Capital by 20.1% during the 2nd quarter. Raymond James Financial Inc. now owns 74,528 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 12,493 shares during the period.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.