Monroe Capital Corporation (NASDAQ:MRCC) has been assigned a consensus rating of “Buy” from the ten research firms that are covering the firm. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.63.
Several brokerages recently issued reports on MRCC. Zacks Investment Research upgraded Monroe Capital Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, July 6th. JMP Securities reiterated a “buy” rating on shares of Monroe Capital Corporation in a research note on Tuesday, August 16th. Ladenburg Thalmann lowered Monroe Capital Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 10th. National Securities reiterated a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Wednesday, August 10th. Finally, Wunderlich upped their price objective on Monroe Capital Corporation from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, July 21st.
Monroe Capital Corporation (NASDAQ:MRCC) traded up 0.71% during mid-day trading on Friday, hitting $15.69. The stock had a trading volume of 95,497 shares. The stock has a 50 day moving average of $15.67 and a 200-day moving average of $14.71. Monroe Capital Corporation has a 1-year low of $10.02 and a 1-year high of $16.37.
Monroe Capital Corporation (NASDAQ:MRCC) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Monroe Capital Corporation had a return on equity of 11.36% and a net margin of 52.85%. Equities research analysts predict that Monroe Capital Corporation will post $1.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 8.99%. Monroe Capital Corporation’s dividend payout ratio (DPR) is presently 80.92%.
A number of large investors have recently added to or reduced their stakes in MRCC. Janney Montgomery Scott LLC raised its stake in Monroe Capital Corporation by 163.1% in the second quarter. Janney Montgomery Scott LLC now owns 331,980 shares of the company’s stock worth $4,924,000 after buying an additional 205,779 shares during the period. UBS Group AG raised its stake in Monroe Capital Corporation by 2.0% in the first quarter. UBS Group AG now owns 239,088 shares of the company’s stock worth $3,311,000 after buying an additional 4,641 shares during the period. Muzinich & Co. Inc. raised its stake in Monroe Capital Corporation by 4.5% in the second quarter. Muzinich & Co. Inc. now owns 167,588 shares of the company’s stock worth $2,485,000 after buying an additional 7,250 shares during the period. Homrich & Berg acquired a new stake in Monroe Capital Corporation during the second quarter worth approximately $1,825,000. Finally, Chicago Partners Investment Group LLC raised its stake in Monroe Capital Corporation by 4.9% in the second quarter. Chicago Partners Investment Group LLC now owns 79,641 shares of the company’s stock worth $1,181,000 after buying an additional 3,713 shares during the period. Institutional investors and hedge funds own 22.63% of the company’s stock.
About Monroe Capital Corporation
Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.
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