FY2024 EPS Estimates for Monroe Capital Decreased by Analyst

Monroe Capital Co. (NASDAQ:MRCC) – Equities researchers at B. Riley lowered their FY2024 earnings estimates for shares of Monroe Capital in a report issued on Monday, November 18th. B. Riley analyst B. Rowe now forecasts that the financial services provider will post earnings per share of $1.15 for the year, down from their previous forecast of $1.17. The consensus estimate for Monroe Capital’s current full-year earnings is $1.15 per share. B. Riley also issued estimates for Monroe Capital’s Q4 2024 earnings at $0.29 EPS.

Separately, StockNews.com upgraded Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Monroe Capital Stock Performance

MRCC opened at $8.51 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 business’s 50 day moving average is $8.06 and its 200-day moving average is $7.74. The stock has a market cap of $184.41 million, a PE ratio of 14.18 and a beta of 1.03. Monroe Capital has a twelve month low of $6.77 and a twelve month high of $8.64.

Hedge Funds Weigh In On Monroe Capital

Large investors have recently bought and sold shares of the stock. Magnolia Capital Advisors LLC bought a new position in shares of Monroe Capital in the second quarter valued at approximately $3,138,000. International Assets Investment Management LLC lifted its position in Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 193,298 shares during the period. Quadrature Capital Ltd bought a new position in Monroe Capital during the 1st quarter valued at $327,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Monroe Capital during the 3rd quarter valued at $210,000. Finally, Ritholtz Wealth Management raised its stake in shares of Monroe Capital by 162.7% in the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock worth $307,000 after buying an additional 25,016 shares in the last quarter.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.75%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s payout ratio is currently 166.67%.

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.