Monroe Capital Corporation (MRCC) Sets New 1-Year High at $15.15
Monroe Capital Corporation (NASDAQ:MRCC) shares reached a new 52-week high during trading on Friday . The company traded as high as $15.15 and last traded at $15.15, with a volume of 53,699 shares changing hands. The stock had previously closed at $15.04.
MRCC has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Thursday, March 24th. TheStreet raised Monroe Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. Janney Montgomery Scott reissued a “buy” rating on shares of Monroe Capital Corporation in a research report on Wednesday, April 27th. JMP Securities upped their target price on Monroe Capital Corporation from $15.50 to $16.00 and gave the company a “market outperform” rating in a research report on Thursday, May 12th. Finally, National Securities reissued a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a research report on Thursday, May 12th. Eight analysts have rated the stock with a buy rating, Monroe Capital Corporation currently has a consensus rating of “Buy” and an average price target of $16.40.
The company has a market capitalization of $197.07 million and a P/E ratio of 8.65. The firm has a 50 day moving average price of $14.53 and a 200-day moving average price of $13.32.
Monroe Capital Corporation (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. Equities analysts predict that Monroe Capital Corporation will post $1.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date was Monday, June 13th.
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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