FY2018 EPS Estimates for Monroe Capital Corp Increased by B. Riley (MRCC)

Monroe Capital Corp (NASDAQ:MRCC) – Investment analysts at B. Riley increased their FY2018 earnings per share estimates for Monroe Capital in a report released on Thursday, November 8th. B. Riley analyst T. Hayes now expects that the financial services provider will earn $1.57 per share for the year, up from their previous estimate of $1.54. B. Riley currently has a “Neutral” rating and a $12.50 target price on the stock. B. Riley also issued estimates for Monroe Capital’s Q4 2018 earnings at $0.38 EPS and Q3 2019 earnings at $0.39 EPS.

MRCC has been the topic of a number of other reports. ValuEngine lowered Monroe Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. BidaskClub lowered Monroe Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Janney Montgomery Scott set a $13.00 price target on Monroe Capital and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research lowered Monroe Capital from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, JMP Securities lowered Monroe Capital from an “outperform” rating to a “market perform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.38.

Shares of Monroe Capital stock opened at $11.49 on Friday. The firm has a market cap of $257.81 million, a P/E ratio of 8.21 and a beta of 0.77. Monroe Capital has a 12 month low of $11.16 and a 12 month high of $14.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.08 and a current ratio of 2.08.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The business had revenue of $13.78 million for the quarter, compared to analyst estimates of $15.36 million. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in Monroe Capital by 10.0% in the third quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 8,959 shares in the last quarter. Cliffwater LLC raised its stake in Monroe Capital by 65.0% in the third quarter. Cliffwater LLC now owns 210,642 shares of the financial services provider’s stock worth $2,858,000 after buying an additional 82,987 shares in the last quarter. WESPAC Advisors LLC raised its stake in Monroe Capital by 72.1% in the third quarter. WESPAC Advisors LLC now owns 68,990 shares of the financial services provider’s stock worth $936,000 after buying an additional 28,910 shares in the last quarter. Ashfield Capital Partners LLC raised its stake in Monroe Capital by 31.3% in the third quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock worth $368,000 after buying an additional 6,461 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in Monroe Capital by 11.2% in the third quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock worth $924,000 after buying an additional 6,858 shares in the last quarter. Hedge funds and other institutional investors own 24.55% of the company’s stock.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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

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