Monroe Capital (NASDAQ:MRCC) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Monroe Capital (NASDAQ:MRCC - Get Free Report) posted its earnings results on Monday. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01, Zacks reports. Monroe Capital had a net margin of 20.97% and a return on equity of 12.14%. The firm had revenue of $14.02 million during the quarter, compared to analysts' expectations of $15.00 million.

Monroe Capital Stock Performance

MRCC stock traded down $0.08 during mid-day trading on Thursday, reaching $8.10. 59,973 shares of the stock traded hands, compared to its average volume of 54,781. The firm has a market capitalization of $175.49 million, a PE ratio of 13.50 and a beta of 1.03. The business has a 50-day moving average of $8.51 and a two-hundred day moving average of $8.25. Monroe Capital has a 52 week low of $6.97 and a 52 week high of $8.85. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49.

Monroe Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 12.35%. Monroe Capital's dividend payout ratio (DPR) is presently 166.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MRCC shares. StockNews.com lowered shares of Monroe Capital from a "buy" rating to a "hold" rating in a research note on Monday. Oppenheimer reduced their price target on Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Tuesday. Finally, B. Riley lowered Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price objective on the stock. in a report on Wednesday, December 11th.

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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.