According to Zacks, “Monroe Capital Corporation is a non-diversified closed-end management investment 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 through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago. “
Other equities research analysts also recently issued research reports about the stock. B. Riley set a $12.00 price objective on shares of Monroe Capital and gave the stock a hold rating in a research report on Tuesday, August 20th. ValuEngine downgraded shares of Monroe Capital from a hold rating to a sell rating in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Monroe Capital currently has an average rating of Hold and an average price target of $13.00.
Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Monroe Capital had a net margin of 18.88% and a return on equity of 11.43%. The company had revenue of $16.72 million during the quarter, compared to the consensus estimate of $17.00 million. On average, research analysts forecast that Monroe Capital will post 1.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.70%. The ex-dividend date of this dividend is Friday, September 13th. Monroe Capital’s payout ratio is 89.17%.
A number of institutional investors and hedge funds have recently made changes to their positions in MRCC. Tower Research Capital LLC TRC acquired a new position in Monroe Capital during the second quarter worth $30,000. Crewe Advisors LLC acquired a new stake in Monroe Capital in the second quarter valued at $32,000. Advisory Alpha LLC acquired a new stake in Monroe Capital in the first quarter valued at $36,000. JPMorgan Chase & Co. acquired a new stake in Monroe Capital in the second quarter valued at $48,000. Finally, Alera Investment Advisors LLC lifted its stake in Monroe Capital by 45.0% in the first quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 1,466 shares during the last quarter. Institutional investors and hedge funds own 22.38% of the company’s stock.
About Monroe Capital
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.
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