Monroe Capital Up to Strong Buy on Solid Q2 Results - Analyst Blog

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On Aug 30, Zacks Investment Research upgraded Monroe Capital Corporation ( MRCC ) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

Impressive interest income drove Monroe Capital's second-quarter 2014 results reported on Aug 11. Net investment income of 37 cents per share outpaced the Zacks Consensus Estimate by 12.1%. Also, the figure rose 15.6% from 32 cents earned in the prior quarter.


Investment portfolio growth was reflected in the quarter with the amount of invested assets increasing to $239.7 million as of Jun 30, 2014, up $13.5 million since Mar 31, 2014. Management anticipates optimizing and growing the portfolio through the remainder of the current year.

Monroe Capital has been witnessing rising earnings estimates over the last 30 days with a year-to-date return of 18.6%. Further, it has now delivered positive earnings surprises in three of the last four quarters with an average beat of 8.44%. The long-term expected earnings growth rate stands at 5.0%.

Following second-quarter 2014 results, the Zacks Consensus Estimate for 2014 increased 2.2% to $1.40 per share, over the last 30 days. For 2015, the Zacks Consensus Estimate advanced 5.6% to $1.52 per share over the same time period.

Other Stocks to Consider

Some other stocks in the same sector worth considering include AllianceBernstein Holding L.P. ( AB ), SEI Investments Co. ( SEIC ) and Cohen & Steers Inc. ( CNS ). All three carry a Zacks Rank #1.


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COHEN&STRS INC (CNS): Free Stock Analysis Report

SEI INVESTMENTS (SEIC): Free Stock Analysis Report

MONROE CAPITAL (MRCC): Free Stock Analysis Report

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Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Business , Stocks

Referenced Stocks: AB , CNS , SEIC , MRCC

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