Monroe Capital (MRCC) to Release Quarterly Earnings on Monday

Monroe Capital (NASDAQ:MRCC) is expected to issue its quarterly earnings data before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $15.00 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Monroe Capital Trading Up 0.7 %

NASDAQ:MRCC opened at $8.16 on Friday. The stock’s 50 day moving average price is $8.51 and its 200 day moving average price is $8.26. Monroe Capital has a 52 week low of $6.97 and a 52 week high of $8.85. The company has a market capitalization of $176.79 million, a P/E ratio of 13.60 and a beta of 1.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 12.25%. Monroe Capital’s dividend payout ratio (DPR) is presently 222.22%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com downgraded Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. B. Riley cut Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price for the company. in a research report on Wednesday, December 11th. Finally, Oppenheimer reduced their target price on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday.

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.