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. It also provides financing primarily to leveraged buyouts in lower middle-market companies. It focuses to invest in the United States and Canada. The fund prefers to invest in companies with EBITDA between $3 and $35 million. Its makes minority equity investments.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on MRCC. Oppenheimer reaffirmed a "market perform" rating on shares of Monroe Capital in a research note on Monday, August 8th. StockNews.com cut Monroe Capital from a "hold" rating to a "sell" rating in a research note on Thursday, August 4th. Finally, TheStreet cut Monroe Capital from a "b-" rating to a "c" rating in a research note on Wednesday, May 25th.
Monroe Capital Stock Up 2.5 %
NASDAQ:MRCC opened at $9.13 on Friday. Monroe Capital has a 1 year low of $8.57 and a 1 year high of $11.85. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.36. The stock has a market cap of $197.85 million, a price-to-earnings ratio of 25.36 and a beta of 1.16. The stock has a 50-day moving average price of $9.18 and a two-hundred day moving average price of $10.09.
Monroe Capital (NASDAQ:MRCC - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $0.25 EPS for the quarter, meeting analysts' consensus estimates of $0.25. Monroe Capital had a return on equity of 9.30% and a net margin of 14.06%. The company had revenue of $13.00 million for the quarter, compared to analyst estimates of $12.62 million. As a group, equities analysts expect that Monroe Capital will post 1 earnings per share for the current year.
Monroe Capital Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.95%. The ex-dividend date was Tuesday, June 14th. Monroe Capital's payout ratio is 277.79%.