Monroe Capital Corporation (MRCC) Stock Price Down 3.1%
Monroe Capital Corporation (NASDAQ:MRCC) traded down 3.1% during mid-day trading on Wednesday . The company traded as low as $15.30 and last traded at $15.42, with a volume of 674,759 shares changing hands. The stock had previously closed at $15.92.
A number of research analysts recently commented on the stock. National Securities reiterated a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a research note on Wednesday. Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research note on Thursday, July 14th. FBR & Co reiterated a “buy” rating on shares of Monroe Capital Corporation in a research note on Thursday, May 12th. JMP Securities upped their price target on shares of Monroe Capital Corporation from $15.50 to $16.00 and gave the company 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.50.
The stock has a 50-day moving average price of $14.76 and a 200 day moving average price of $13.45.
Monroe Capital Corporation (NASDAQ:MRCC) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. Equities research analysts expect that Monroe Capital Corporation will post $1.70 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, June 13th. This represents a $1.40 dividend on an annualized basis and a yield of 9.06%.
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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