Monroe Capital (MRCC) to Release Quarterly Earnings on Friday

Monroe Capital (NASDAQ:MRCC) is expected to be releasing its earnings data after the market closes on Friday, February 28th. Analysts expect Monroe Capital to post earnings of $0.28 per share and revenue of $15.00 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Monroe Capital Trading Up 0.9 %

Shares of NASDAQ:MRCC opened at $8.73 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37. The stock’s 50-day moving average is $8.46 and its 200-day moving average is $8.22. The company has a market cap of $189.14 million, a P/E ratio of 14.55 and a beta of 1.03. Monroe Capital has a 52-week low of $6.97 and a 52-week high of $8.81.

Monroe Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date was Monday, December 16th. Monroe Capital’s dividend payout ratio (DPR) is currently 166.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MRCC shares. StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th.

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.