Monroe Capital Corporation (MRCC) Sees Large Volume Increase
Shares of Monroe Capital Corporation (NASDAQ:MRCC) saw strong trading volume on Friday . 68,216 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 77,167 shares.The stock last traded at $15.65 and had previously closed at $15.52.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Monroe Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research note on Thursday. FBR & Co reiterated a “buy” rating on shares of Monroe Capital Corporation in a research note on Thursday, May 12th. National Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a research note on Thursday, May 12th. JMP Securities increased their price target on 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. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of Monroe Capital Corporation in a research note on Wednesday, April 27th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Monroe Capital Corporation presently has a consensus rating of “Buy” and an average price target of $16.60.
The stock has a market capitalization of $204.62 million and a PE ratio of 8.98. The firm’s 50-day moving average price is $14.65 and its 200 day moving average price is $13.38.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Equities research analysts forecast that Monroe Capital Corporation will post $1.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date of this dividend 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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