Wall Street analysts expect Monroe Capital Corporation (NASDAQ:MRCC) to announce $12.40 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monroe Capital Corporation’s earnings, with the lowest sales estimate coming in at $11.81 million and the highest estimate coming in at $12.74 million. Monroe Capital Corporation posted sales of $11.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The firm is expected to issue its next earnings results after the market closes on Tuesday, August 8th.

On average, analysts expect that Monroe Capital Corporation will report full-year sales of $12.40 million for the current financial year, with estimates ranging from $49.27 million to $53.66 million. For the next year, analysts forecast that the business will report sales of $59.51 million per share, with estimates ranging from $56.00 million to $68.28 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Monroe Capital Corporation.

Monroe Capital Corporation (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Monroe Capital Corporation had a net margin of 41.75% and a return on equity of 10.23%. The business had revenue of $12.01 million for the quarter, compared to analysts’ expectations of $12.36 million.

A number of analysts have weighed in on MRCC shares. BidaskClub upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. National Securities restated a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Monday, June 12th. Finally, Zacks Investment Research lowered shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Monroe Capital Corporation has an average rating of “Hold” and a consensus price target of $17.13.

In related news, Chairman Theodore L. Koenig purchased 16,697 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $14.95 per share, with a total value of $249,620.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey D. Steele purchased 6,425 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $96,375.00. Following the acquisition, the director now owns 18,000 shares in the company, valued at $270,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 28,832 shares of company stock worth $434,443. Insiders own 1.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Rothschild Investment Corp IL increased its stake in shares of Monroe Capital Corporation by 1.6% in the first quarter. Rothschild Investment Corp IL now owns 37,050 shares of the financial services provider’s stock worth $583,000 after buying an additional 600 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Monroe Capital Corporation by 2.2% in the second quarter. Clear Harbor Asset Management LLC now owns 31,599 shares of the financial services provider’s stock worth $476,000 after buying an additional 690 shares during the last quarter. Salzhauer Michael increased its stake in shares of Monroe Capital Corporation by 2.2% in the second quarter. Salzhauer Michael now owns 52,438 shares of the financial services provider’s stock worth $799,000 after buying an additional 1,134 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Monroe Capital Corporation by 3.5% in the first quarter. Oppenheimer & Co. Inc. now owns 38,606 shares of the financial services provider’s stock worth $607,000 after buying an additional 1,308 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Monroe Capital Corporation by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 184,334 shares of the financial services provider’s stock worth $2,807,000 after buying an additional 1,521 shares during the last quarter. 27.81% of the stock is currently owned by hedge funds and other institutional investors.

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Monroe Capital Corporation (MRCC) opened at 14.36 on Tuesday. Monroe Capital Corporation has a 12-month low of $13.60 and a 12-month high of $16.37. The company’s 50-day moving average is $15.06 and its 200 day moving average is $15.50.

Monroe Capital Corporation Company Profile

Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.

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Earnings History and Estimates for Monroe Capital Corporation (NASDAQ:MRCC)

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