Shares of Monroe Capital Corporation (NASDAQ:MRCC) reached a new 52-week high during trading on Thursday . The stock traded as high as $15.87 and last traded at $15.67, with a volume of 127,927 shares traded. The stock had previously closed at $15.27.

Several analysts have recently commented on MRCC shares. National Securities restated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a research note on Thursday, May 12th. JMP Securities raised their target price on shares of Monroe Capital Corporation from $15.50 to $16.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 12th. Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, July 6th. TheStreet upgraded shares of Monroe Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of Monroe Capital Corporation in a research note on Wednesday, April 27th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.60.

The company has a market capitalization of $201.56 million and a price-to-earnings ratio of 8.849. The stock’s 50-day moving average price is $14.62 and its 200 day moving average price is $13.37.

Monroe Capital Corporation (NASDAQ:MRCC) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Analysts forecast that Monroe Capital Corporation will post $1.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.17%.

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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