B. Riley Has Negative View of Monroe Capital FY2024 Earnings

Monroe Capital Co. (NASDAQ:MRCC) – Research analysts at B. Riley dropped their FY2024 earnings estimates for shares of Monroe Capital in a report issued on Monday, November 18th. B. Riley analyst B. Rowe now anticipates that the financial services provider will post earnings per share of $1.15 for the year, down from their prior forecast of $1.17. The consensus estimate for Monroe Capital’s current full-year earnings is $1.14 per share. B. Riley also issued estimates for Monroe Capital’s Q4 2024 earnings at $0.29 EPS.

Separately, StockNews.com raised Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Monroe Capital Trading Down 0.8 %

Shares of Monroe Capital stock opened at $8.44 on Wednesday. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. The business’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $7.74. Monroe Capital has a 52 week low of $6.77 and a 52 week high of $8.64.

Monroe Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.85%. The ex-dividend date of this dividend was Monday, September 16th. Monroe Capital’s dividend payout ratio (DPR) is presently 166.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Magnolia Capital Advisors LLC acquired a new stake in shares of Monroe Capital during the second quarter worth $3,138,000. Private Advisor Group LLC purchased a new stake in shares of Monroe Capital during the 3rd quarter worth approximately $104,000. International Assets Investment Management LLC grew its holdings in shares of Monroe Capital by 708.0% in the 3rd quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after acquiring an additional 193,298 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Monroe Capital by 162.7% in the second quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 25,016 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Monroe Capital by 16.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 2,861 shares in the last quarter.

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.