Monroe Capital Co. (NASDAQ:MRCC) to Submit Q1 2023 Earnings of $0.25 Per Share, B. Riley Forecasts – MarketBeat
Monroe Capital Co. (NASDAQ:MRCC – Get Rating) – Equities analysis analysts at B. Riley issued their Q1 2023 earnings estimates for Monroe Capital in a report issued on Friday, September sixteenth. B. Riley analyst B. Rowe expects that the monetary providers supplier will submit earnings per share of $0.25 for the quarter. B. Riley at present has a “Impartial” score and a $8.00 goal worth on the inventory. The consensus estimate for Monroe Capital’s present full-year earnings is $1.00 per share. B. Riley additionally issued estimates for Monroe Capital’s Q2 2023 earnings at $0.25 EPS, Q3 2023 earnings at $0.25 EPS, This autumn 2023 earnings at $0.25 EPS and FY2023 earnings at $1.00 EPS.
A number of different analysis corporations have additionally just lately commented on MRCC. Oppenheimer reissued a “market carry out” score on shares of Monroe Capital in a analysis be aware on Monday, August eighth. StockNews.com minimize shares of Monroe Capital from a “maintain” score to a “promote” score in a analysis be aware on Thursday, August 4th. Lastly, TheStreet minimize shares of Monroe Capital from a “b-” score to a “c” score in a analysis be aware on Wednesday, Could twenty fifth.
Monroe Capital Worth Efficiency
MRCC opened at $8.23 on Monday. Monroe Capital has a one yr low of $8.11 and a one yr excessive of $11.85. The corporate has a debt-to-equity ratio of 1.36, a present ratio of two.48 and a fast ratio of two.48. The corporate’s 50 day easy transferring common is $8.93 and its 200-day easy transferring common is $9.70. The inventory has a market capitalization of $178.31 million, a P/E ratio of twenty-two.86 and a beta of 1.16.
Monroe Capital (NASDAQ:MRCC – Get Rating) final posted its quarterly earnings knowledge on Tuesday, August 2nd. The monetary providers supplier reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Monroe Capital had a internet margin of 14.06% and a return on fairness of 9.30%. The corporate had income of $13.00 million throughout the quarter, in comparison with analyst estimates of $12.62 million.
Hedge Funds Weigh In On Monroe Capital
A variety of hedge funds and different institutional buyers have just lately purchased and offered shares of MRCC. Aspiriant LLC purchased a brand new place in Monroe Capital within the second quarter valued at roughly $90,000. Tompkins Monetary Corp acquired a brand new stake in Monroe Capital within the first quarter value $94,000. O Dell Group LLC acquired a brand new stake in Monroe Capital within the first quarter value $100,000. Captrust Monetary Advisors acquired a brand new stake in Monroe Capital within the second quarter value $112,000. Lastly, Virtu Monetary LLC acquired a brand new stake in Monroe Capital within the second quarter value $114,000. 18.83% of the inventory is owned by institutional buyers.
Monroe Capital Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which can be paid on Friday, September thirtieth. Shareholders of file on Thursday, September fifteenth can be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $1.00 dividend on an annualized foundation and a yield of 12.15%. Monroe Capital’s payout ratio is presently 277.79%.
About Monroe Capital
Monroe Capital Company is a enterprise growth firm specializing in personalized financing options in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and fairness, together with fairness co-investments in most popular and customary inventory and warrants.
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