Monroe Capital (NASDAQ:MRCC - Get Free Report) is anticipated to announce its earnings results before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $15.00 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.
Monroe Capital Stock Down 1.0 %
MRCC stock traded down $0.08 during midday trading on Thursday, reaching $8.10. The company had a trading volume of 59,973 shares, compared to its average volume of 54,781. The company has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.25. The company has a market capitalization of $175.49 million, a P/E ratio of 13.50 and a beta of 1.03. Monroe Capital has a 1 year low of $6.97 and a 1 year high of $8.85. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49.
Monroe Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 12.35%. Monroe Capital's dividend payout ratio is 166.67%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on MRCC. StockNews.com downgraded Monroe Capital from a "buy" rating to a "hold" rating in a research note on Monday. B. Riley cut Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price target for the company. in a research note on Wednesday, December 11th. Finally, Oppenheimer cut their price objective on shares of Monroe Capital from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Tuesday.
View Our Latest Stock Analysis on MRCC
About Monroe Capital
(
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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.
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