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Shares of Monroe Capital (NASDAQ:MRCC) were flat in after-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share decreased 24.24% year over year to $0.25, which beat the estimate of $0.24.
Revenue of $13,213,000 decreased by 11.93% year over year, which missed the estimate of $13,230,000.
Looking Ahead
Monroe Capital hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Technicals
Company's 52-week high was at $10.88
52-week low: $6.07
Price action over last quarter: Up 8.23%
Company Profile
Monroe Capital Corp is a specialty finance company focused on providing financing to lower middle market companies, in the U.S. and Canada. The company provides customized financing solutions focused on senior, unitranche and junior secured debt and unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. Its investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.