Monroe Capital Corporation (NASDAQ:MRCC) Plans Quarterly Dividend of $0.18

Monroe Capital Corporation (NASDAQ:MRCC) announced a quarterly dividend on Monday, December 15th. Stockholders of record on Tuesday, December 23rd will be given a dividend of 0.18 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Monroe Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Monroe Capital has a payout ratio of 123.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Monroe Capital to earn $1.07 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 93.5%.

Monroe Capital Stock Down 0.6%

Shares of MRCC stock opened at $6.43 on Tuesday. The stock’s fifty day moving average price is $6.66 and its 200 day moving average price is $6.73. Monroe Capital has a 1-year low of $5.86 and a 1-year high of $8.85. The company has a market cap of $139.32 million, a price-to-earnings ratio of -33.82 and a beta of 0.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 5.87 and a quick ratio of 5.87.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). The business had revenue of $6.87 million during the quarter, compared to analyst estimates of $8.84 million. Monroe Capital had a positive return on equity of 8.49% and a negative net margin of 9.58%. On average, research analysts expect that Monroe Capital will post 1.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MAS Advisors LLC boosted its holdings in Monroe Capital by 4.8% in the second quarter. MAS Advisors LLC now owns 41,123 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 1,893 shares during the last quarter. Equitable Holdings Inc. lifted its holdings in shares of Monroe Capital by 8.7% in the 3rd quarter. Equitable Holdings Inc. now owns 28,384 shares of the financial services provider’s stock valued at $199,000 after buying an additional 2,277 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Monroe Capital by 2.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 102,236 shares of the financial services provider’s stock worth $797,000 after buying an additional 2,836 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Monroe Capital by 13.0% during the second quarter. Baird Financial Group Inc. now owns 34,031 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 3,911 shares during the period. Finally, Aspiriant LLC grew its holdings in Monroe Capital by 35.7% during the second quarter. Aspiriant LLC now owns 19,000 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 5,000 shares during the period.

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.