Monroe Capital (MRCC) Projected to Post Quarterly Earnings on Friday

Monroe Capital (NASDAQ:MRCC) is expected to be posting its quarterly earnings results after the market closes on Friday, February 28th. Analysts expect Monroe Capital to post earnings of $0.28 per share and revenue of $15.00 million for the quarter.

Monroe Capital Price Performance

MRCC opened at $8.65 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. Monroe Capital has a 1 year low of $6.97 and a 1 year high of $8.81. The stock has a fifty day moving average price of $8.45 and a 200 day moving average price of $8.21. The stock has a market cap of $187.41 million, a price-to-earnings ratio of 14.42 and a beta of 1.03.

Monroe Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 11.56%. Monroe Capital’s dividend payout ratio is 166.67%.

Analysts Set New Price Targets

MRCC has been the topic of several recent research reports. B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective on the stock. in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.

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.