On Aug 30, Zacks Investment Research upgraded
Monroe Capital Corporation
) 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. (
), SEI Investments Co. (
) and Cohen & Steers Inc. (
). All three carry a Zacks Rank #1.
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