Monroe Capital (MRCC) Projected to Post 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Monroe Capital Price Performance

Monroe Capital stock opened at $8.16 on Friday. Monroe Capital has a 12 month low of $6.97 and a 12 month high of $8.85. The stock’s 50 day moving average is $8.51 and its 200-day moving average is $8.26. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $176.79 million, a price-to-earnings ratio of 13.60 and a beta of 1.02.

Monroe Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.25%. The ex-dividend date of this dividend is Friday, March 14th. Monroe Capital’s payout ratio is 222.22%.

Analyst Ratings Changes

Several research firms have recently commented on MRCC. Oppenheimer decreased their target price on Monroe Capital from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th. B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price on the stock. in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

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.