Monroe Capital (MRCC) to Release Quarterly Earnings on Friday

Monroe Capital (NASDAQ:MRCC) is projected to issue its quarterly earnings data after the market closes on Friday, February 28th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $15.00 million for the quarter.

Monroe Capital Stock Performance

Shares of MRCC opened at $8.65 on Wednesday. The stock has a 50 day moving average price of $8.45 and a 200 day moving average price of $8.21. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $187.41 million, a price-to-earnings ratio of 14.42 and a beta of 1.03. Monroe Capital has a 52-week low of $6.97 and a 52-week high of $8.81.

Monroe Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date was Monday, December 16th. Monroe Capital’s dividend payout ratio (DPR) is 166.67%.

Analysts Set New Price Targets

MRCC has been the subject of a number of research analyst reports. B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target for the company. in a report on Wednesday, December 11th. StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Monroe Capital Company Profile

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.