Monroe Capital (NASDAQ:MRCC) Issues Earnings Results

Monroe Capital (NASDAQ:MRCC) announced its quarterly earnings results on Thursday. The financial services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02, FiscalAI reports. The company had revenue of $8.16 million during the quarter, compared to analyst estimates of $7.90 million. Monroe Capital had a positive return on equity of 8.49% and a negative net margin of 9.58%.

Monroe Capital Stock Down 7.0%

MRCC stock traded down $0.34 during trading on Thursday, reaching $4.50. The stock had a trading volume of 293,618 shares, compared to its average volume of 111,129. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average price of $6.30 and a 200 day moving average price of $6.69. The company has a market capitalization of $97.52 million, a P/E ratio of -23.68 and a beta of 0.75. Monroe Capital has a 1-year low of $4.47 and a 1-year high of $8.29.

Monroe Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.18 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 16.0%. Monroe Capital’s payout ratio is currently -378.95%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Monroe Capital in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of Monroe Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in MRCC. Sunbelt Securities Inc. increased its position in shares of Monroe Capital by 8.8% in the 4th quarter. Sunbelt Securities Inc. now owns 135,809 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 10,966 shares during the last quarter. XTX Topco Ltd acquired a new position in Monroe Capital in the fourth quarter worth about $88,000. Almitas Capital LLC increased its holdings in Monroe Capital by 817.4% in the fourth quarter. Almitas Capital LLC now owns 999,044 shares of the financial services provider’s stock valued at $6,364,000 after buying an additional 890,139 shares during the last quarter. Osaic Holdings Inc. raised its stake in Monroe Capital by 20.8% during the fourth quarter. Osaic Holdings Inc. now owns 26,771 shares of the financial services provider’s stock valued at $171,000 after buying an additional 4,608 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Monroe Capital during the 4th quarter worth approximately $35,000.

Monroe Capital Company Profile

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.