Monroe Capital (NASDAQ:MRCC) issued its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03), Fidelity Earnings reports. Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%. The business had revenue of $16.16 million for the quarter, compared to the consensus estimate of $16.58 million.
Shares of MRCC stock traded down $0.16 during trading hours on Friday, hitting $11.72. 2,585 shares of the company’s stock traded hands, compared to its average volume of 64,105. The company has a market capitalization of $238.94 million, a P/E ratio of 7.48 and a beta of 1.14. Monroe Capital has a 12 month low of $9.10 and a 12 month high of $14.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 3.73 and a current ratio of 3.73.
Several research firms have recently weighed in on MRCC. ValuEngine upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub lowered shares of Monroe Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. National Securities restated a “neutral” rating and set a $13.00 target price on shares of Monroe Capital in a research report on Thursday, March 7th. Finally, Zacks Investment Research upgraded shares of Monroe Capital from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.13.
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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