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. “
A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Monroe Capital from a sell rating to a strong sell rating in a research report on Saturday, September 14th. B. Riley set a $12.00 target price on shares of Monroe Capital and gave the company a hold rating in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $13.00.
Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $0.35 EPS for the quarter, meeting the Zacks’ 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 analysts’ expectations of $17.00 million. As a group, analysts expect that Monroe Capital will post 1.4 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 13.44%. Monroe Capital’s payout ratio is 89.17%.
A number of large investors have recently bought and sold shares of MRCC. Virtus ETF Advisers LLC purchased a new stake in Monroe Capital during the second quarter valued at approximately $1,803,000. Fiera Capital Corp acquired a new position in Monroe Capital during the 2nd quarter valued at approximately $969,000. Cliffwater LLC increased its stake in Monroe Capital by 34.9% during the 2nd quarter. Cliffwater LLC now owns 256,544 shares of the financial services provider’s stock valued at $2,961,000 after purchasing an additional 66,409 shares in the last quarter. Northern Trust Corp acquired a new position in Monroe Capital during the 2nd quarter valued at approximately $424,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Monroe Capital by 11.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 354,011 shares of the financial services provider’s stock valued at $4,085,000 after purchasing an additional 36,173 shares in the last quarter. 22.38% of the stock is owned by institutional investors.
Monroe Capital Company Profile
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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