Monroe Capital Corporation (MRCC) Sets New 52-Week High at $15.99
Shares of Monroe Capital Corporation (NASDAQ:MRCC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.99 and last traded at $15.84, with a volume of 55,214 shares trading hands. The stock had previously closed at $15.93.
Several equities analysts have recently commented on MRCC shares. FBR & Co reaffirmed a “buy” rating on shares of Monroe Capital Corporation in a report on Wednesday, July 20th. National Securities reaffirmed a “buy” rating and set a $17.00 target price on shares of Monroe Capital Corporation in a report on Wednesday, August 10th. Zacks Investment Research raised Monroe Capital Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Tuesday, May 10th. Wunderlich upped their target price on Monroe Capital Corporation from $15.50 to $16.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of Monroe Capital Corporation in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Monroe Capital Corporation currently has a consensus rating of “Buy” and an average price target of $16.75.
The stock has a 50-day moving average price of $15.54 and a 200 day moving average price of $14.10.
Monroe Capital Corporation (NASDAQ:MRCC) last released its earnings results on Monday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. On average, equities research analysts anticipate that Monroe Capital Corporation will post $1.67 EPS for the current fiscal year.
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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