Monroe Capital Corporation (NASDAQ:MRCC) – Equities researchers at William Blair dropped their Q3 2017 EPS estimates for Monroe Capital Corporation in a note issued to investors on Monday. William Blair analyst R. Napoli now forecasts that the financial services provider will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.38. William Blair also issued estimates for Monroe Capital Corporation’s Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.43 EPS, FY2018 earnings at $1.55 EPS and FY2019 earnings at $1.68 EPS.

Monroe Capital Corporation (NASDAQ:MRCC) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $12.40 million. Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. COPYRIGHT VIOLATION NOTICE: “Q3 2017 EPS Estimates for Monroe Capital Corporation (MRCC) Reduced by William Blair” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/16/q3-2017-eps-estimates-for-monroe-capital-corporation-mrcc-reduced-by-william-blair.html.

Other research analysts have also issued research reports about the company. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Monday, June 12th. Ladenburg Thalmann Financial Services raised Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, August 10th. Zacks Investment Research raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Monroe Capital Corporation has a consensus rating of “Buy” and an average price target of $16.90.

Monroe Capital Corporation (MRCC) opened at 14.07 on Wednesday. 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 price is $14.85 and its 200 day moving average price is $15.42.

In related news, Director Jeffrey D. Steele acquired 6,425 shares of Monroe Capital Corporation stock in a transaction that occurred on Tuesday, June 20th. The stock was bought at an average price of $15.00 per share, with a total value of $96,375.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at $270,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Theodore L. Koenig acquired 16,697 shares of Monroe Capital Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average cost of $14.95 per share, with a total value of $249,620.15. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Liberty Capital Management Inc. acquired a new stake in Monroe Capital Corporation during the second quarter worth approximately $103,000. JPMorgan Chase & Co. acquired a new stake in Monroe Capital Corporation during the second quarter worth approximately $114,000. Financial Counselors Inc. acquired a new stake in Monroe Capital Corporation during the second quarter worth approximately $156,000. KCG Holdings Inc. acquired a new stake in Monroe Capital Corporation during the first quarter worth approximately $158,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Monroe Capital Corporation during the first quarter worth approximately $208,000. 26.70% of the stock is owned by institutional investors and hedge funds.

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.

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

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