Monroe Capital Corporation (MRCC) Hits New 52-Week High at $15.15
Monroe Capital Corporation (NASDAQ:MRCC) shares hit a new 52-week high on Friday . The stock traded as high as $15.15 and last traded at $15.15, with a volume of 53,699 shares traded. The stock had previously closed at $15.04.
Several research analysts recently weighed in on MRCC shares. Zacks Investment Research upgraded Monroe Capital Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday, May 10th. TheStreet upgraded Monroe Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. JMP Securities boosted their target price 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. National Securities reaffirmed a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corporation in a research report on Thursday, May 12th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Monroe Capital Corporation in a research report on Thursday, May 12th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $16.40.
The stock’s 50-day moving average is $14.53 and its 200 day moving average is $13.32.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. On average, analysts predict that Monroe Capital Corporation will post $1.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.