Monroe Capital Corp (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $12.01 million during the quarter, compared to analyst estimates of $12.36 million. Monroe Capital Corp had a return on equity of 11.09% and a net margin of 47.93%.
Monroe Capital Corp (NASDAQ:MRCC) – Analysts at FBR & Co lifted their Q4 2018 EPS estimates for shares of Monroe Capital Corp in a report issued on Wednesday. FBR & Co analyst C. Nolan now anticipates that the financial services provider will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.39. FBR & Co currently has a “Buy” rating and a $17.00 price target on the stock.
Several other research firms have also recently commented on MRCC. Zacks Investment Research cut Monroe Capital Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 28th. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corp in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $17.08. Shares of Monroe Capital Corp (NASDAQ:MRCC) traded down 0.7243% during mid-day trading on Monday, hitting $15.9536. The stock had a trading volume of 21,086 shares. The firm’s 50-day moving average price is $15.74 and its 200 day moving average price is $15.45. Monroe Capital Corp has a 12-month low of $13.37 and a 12-month high of $16.37. The stock has a market cap of $266.78 million, a price-to-earnings ratio of 13.0233 and a beta of 0.55.
A number of institutional investors have recently made changes to their positions in MRCC. KCG Holdings Inc. acquired a new position in shares of Monroe Capital Corp during the first quarter worth $158,000. Wells Fargo & Company MN increased its position in Monroe Capital Corp by 718.2% in the third quarter. Wells Fargo & Company MN now owns 13,100 shares of the financial services provider’s stock valued at $206,000 after buying an additional 11,499 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Monroe Capital Corp during the first quarter valued at approximately $208,000. Freestone Capital Holdings LLC increased its position in Monroe Capital Corp by 2.1% in the fourth quarter. Freestone Capital Holdings LLC now owns 13,630 shares of the financial services provider’s stock valued at $210,000 after buying an additional 284 shares during the last quarter. Finally, Sigma Planning Corp purchased a new position in Monroe Capital Corp during the first quarter valued at approximately $231,000. 29.67% of the stock is currently owned by hedge funds and other institutional investors. In other Monroe Capital Corp news, Chairman Theodore L. Koenig purchased 5,710 shares of the stock in a transaction on Thursday, May 11th. The shares were purchased at an average price of $15.49 per share, with a total value of $88,447.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.
About Monroe Capital Corp Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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