Oppenheimer Comments on Monroe Capital Corp’s Q1 2020 Earnings (NASDAQ:MRCC)

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Monroe Capital Corp (NASDAQ:MRCC) – Investment analysts at Oppenheimer reduced their Q1 2020 earnings per share (EPS) estimates for shares of Monroe Capital in a report released on Thursday, November 7th. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $0.35 per share for the quarter, down from their previous forecast of $0.36. Oppenheimer also issued estimates for Monroe Capital’s Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.36 EPS and FY2020 earnings at $1.41 EPS.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. ValuEngine cut shares of Monroe Capital from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Finally, B. Riley set a $12.00 price target on shares of Monroe Capital and gave the company a “hold” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.00.

MRCC stock traded down $0.10 during mid-day trading on Monday, reaching $10.93. 71,400 shares of the stock traded hands, compared to its average volume of 112,815. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 1.71. Monroe Capital has a 52 week low of $9.10 and a 52 week high of $13.38. The business has a 50-day moving average of $10.75 and a two-hundred day moving average of $11.14. The firm has a market capitalization of $224.28 million, a PE ratio of 6.96 and a beta of 1.18.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Monroe Capital had a net margin of 24.99% and a return on equity of 11.38%. The company had revenue of $17.33 million during the quarter, compared to analysts’ expectations of $17.60 million.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Monroe Capital during the second quarter valued at about $30,000. Crewe Advisors LLC acquired a new position in Monroe Capital in the second quarter worth about $32,000. JPMorgan Chase & Co. acquired a new position in Monroe Capital in the second quarter worth about $48,000. Quad Cities Investment Group LLC raised its position in Monroe Capital by 164.1% in the second quarter. Quad Cities Investment Group LLC now owns 8,187 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 5,087 shares in the last quarter. Finally, Breiter Capital Management Inc. acquired a new position in Monroe Capital in the second quarter worth about $121,000. 21.94% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Diluted Earnings Per Share

Earnings History and Estimates for Monroe Capital (NASDAQ:MRCC)

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