Monroe Capital (MRCC) to Release Quarterly Earnings on Friday

Monroe Capital (NASDAQ:MRCC) is expected 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 Down 0.7 %

Shares of MRCC opened at $8.65 on Wednesday. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The firm has a market cap of $187.41 million, a P/E ratio of 14.42 and a beta of 1.03. The company’s 50-day moving average price is $8.45 and its 200 day moving average price is $8.21. Monroe Capital has a 12-month low of $6.97 and a 12-month high of $8.81.

Monroe Capital Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research note on Wednesday, December 11th.

About Monroe Capital

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.