Brokerages expect that Monroe Capital Corporation (NASDAQ:MRCC) will post sales of $13.36 million for the current quarter, Zacks reports. Five analysts have provided estimates for Monroe Capital Corporation’s earnings, with estimates ranging from $12.95 million to $13.77 million. Monroe Capital Corporation posted sales of $11.13 million during the same quarter last year, which suggests a positive year over year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Monroe Capital Corporation will report full year sales of $13.36 million for the current financial year, with estimates ranging from $50.91 million to $53.07 million. For the next fiscal year, analysts anticipate that the firm will report sales of $64.18 million per share, with estimates ranging from $58.50 million to $71.30 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Monroe Capital Corporation.

Monroe Capital Corporation (NASDAQ:MRCC) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. The firm had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $12.40 million.

MRCC has been the subject of several research analyst reports. BidaskClub downgraded shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Ladenburg Thalmann Financial Services raised shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, August 10th. National Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corporation in a research note on Monday, August 14th. Zacks Investment Research raised shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, TheStreet downgraded shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, one has given 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 target price of $16.50.

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In other Monroe Capital Corporation news, Chairman Theodore L. Koenig acquired 21,800 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average cost of $13.61 per share, with a total value of $296,698.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. MML Investors Services LLC increased its holdings in Monroe Capital Corporation by 0.4% during the second quarter. MML Investors Services LLC now owns 19,749 shares of the financial services provider’s stock valued at $301,000 after buying an additional 70 shares during the period. Royal Bank of Canada increased its holdings in Monroe Capital Corporation by 1.6% during the second quarter. Royal Bank of Canada now owns 19,480 shares of the financial services provider’s stock valued at $297,000 after buying an additional 314 shares during the period. Clear Harbor Asset Management LLC increased its holdings in Monroe Capital Corporation by 2.2% during the second quarter. Clear Harbor Asset Management LLC now owns 31,599 shares of the financial services provider’s stock valued at $476,000 after buying an additional 690 shares during the period. Homrich & Berg increased its holdings in Monroe Capital Corporation by 0.7% during the second quarter. Homrich & Berg now owns 134,502 shares of the financial services provider’s stock valued at $2,048,000 after buying an additional 869 shares during the period. Finally, Salzhauer Michael increased its holdings in Monroe Capital Corporation by 2.2% during the second quarter. Salzhauer Michael now owns 52,438 shares of the financial services provider’s stock valued at $799,000 after buying an additional 1,134 shares during the period. 28.93% of the stock is currently owned by institutional investors.

Monroe Capital Corporation (NASDAQ MRCC) opened at 14.49 on Friday. Monroe Capital Corporation has a 12-month low of $13.32 and a 12-month high of $16.20. The firm’s 50 day moving average price is $14.02 and its 200-day moving average price is $14.87.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.66%. The ex-dividend date was Thursday, September 14th. Monroe Capital Corporation’s payout ratio is 157.31%.

About Monroe Capital Corporation

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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