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

Monroe Capital (NASDAQ:MRCC) released its quarterly earnings data 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%.

Monroe Capital Price Performance

NASDAQ MRCC opened at $8.81 on Monday. The firm’s fifty day simple moving average is $8.50 and its two-hundred day simple moving average is $8.25. The firm has a market capitalization of $190.88 million, a P/E ratio of 14.68 and a beta of 1.03. 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 has a 12-month low of $6.97 and a 12-month high of $8.85.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 11.35%. Monroe Capital’s dividend payout ratio (DPR) is 166.67%.

Analyst Ratings Changes

Several brokerages have issued reports on MRCC. B. Riley cut Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price on the stock. in a research report on Wednesday, December 11th. StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.

About Monroe Capital

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.