Brokers Set Expectations for Monroe Capital FY2024 Earnings

Monroe Capital Co. (NASDAQ:MRCC) – Analysts at B. Riley reduced their FY2024 EPS estimates for shares of Monroe Capital in a research note issued to investors on Monday, November 18th. B. Riley analyst B. Rowe now anticipates that the financial services provider will earn $1.15 per share for the year, down from their prior 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 report on Thursday, November 14th.

Monroe Capital Stock Performance

NASDAQ:MRCC opened at $8.50 on Wednesday. Monroe Capital has a one year low of $6.77 and a one year high of $8.62. 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 simple moving average is $8.05 and its 200 day simple moving average is $7.73.

Monroe Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.76%. The ex-dividend date was Monday, September 16th. Monroe Capital’s dividend payout ratio is currently 166.67%.

Institutional Investors Weigh In On Monroe Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in Monroe Capital in the second quarter worth about $76,000. Private Advisor Group LLC acquired a new position in shares of Monroe Capital in the 3rd quarter worth approximately $104,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Monroe Capital by 16.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 2,861 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Monroe Capital in the 3rd quarter valued at approximately $210,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Monroe Capital by 40.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,917 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 9,802 shares in the last quarter.

Monroe Capital Company Profile

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.