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

Key Points

• Monroe Capital reported a quarterly EPS of $0.15, missing analysts' estimates of $0.21 by $0.06.
• The company declared a dividend of $0.25 per share, resulting in a yield of 14.7%, with a payout ratio of 303.03%.
• MRCC stock traded down to $6.80 during midday trading, with a market cap of approximately $147.36 million.

Monroe Capital (NASDAQ:MRCC - Get Free Report) posted its earnings results on Monday. The financial services provider reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06), Zacks reports. Monroe Capital had a net margin of 12.36% and a return on equity of 12.20%.

Monroe Capital Stock Performance

MRCC stock traded down $0.05 during midday trading on Monday, hitting $6.80. 337,591 shares of the stock traded hands, compared to its average volume of 108,219. The stock's fifty day simple moving average is $6.38 and its 200-day simple moving average is $7.15. Monroe Capital has a 1-year low of $5.96 and a 1-year high of $8.85. The firm has a market cap of $147.36 million, a P/E ratio of 20.61 and a beta of 0.92. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.42 and a quick ratio of 5.42.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 14.7%. The ex-dividend date was Monday, June 16th. Monroe Capital's dividend payout ratio (DPR) is currently 303.03%.

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.

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