Monroe Capital (NASDAQ:MRCC) Releases 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) issued its earnings results on Monday. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06), Zacks reports. The company had revenue of $9.87 million for the quarter, compared to the consensus estimate of $12.38 million. Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%.

Monroe Capital Trading Down 0.4%

Shares of NASDAQ MRCC traded down $0.03 during mid-day trading on Friday, reaching $6.96. The company had a trading volume of 14,169 shares, compared to its average volume of 83,219. The business's 50-day moving average is $6.42 and its 200-day moving average is $7.13. The company has a current ratio of 4.02, a quick ratio of 5.42 and a debt-to-equity ratio of 1.16. The stock has a market cap of $150.82 million, a price-to-earnings ratio of 77.39 and a beta of 0.92. Monroe Capital has a 52 week low of $5.96 and a 52 week high of $8.85.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 14.4%. Monroe Capital's dividend payout ratio is currently 1,111.11%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Monroe Capital stock. Baird Financial Group Inc. boosted its holdings in shares of Monroe Capital Corporation (NASDAQ:MRCC - Free Report) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,031 shares of the financial services provider's stock after acquiring an additional 3,911 shares during the period. Baird Financial Group Inc. owned about 0.16% of Monroe Capital worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.