Monroe Capital Corporation (MRCC) Sees Unusually-High Trading Volume
Monroe Capital Corporation (NASDAQ:MRCC) saw strong trading volume on Friday . 68,216 shares changed hands during 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 analysts have recently issued reports on the stock. Zacks Investment Research raised 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. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Monroe Capital Corporation in a research note on Wednesday, April 27th. FBR & Co reaffirmed a “buy” rating on shares of Monroe Capital Corporation in a research note on Thursday, May 12th. National Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Thursday, May 12th. Finally, JMP Securities upped their price objective 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $16.50.
The firm has a 50 day moving average price of $14.69 and a 200-day moving average price of $13.40. The firm has a market capitalization of $204.62 million and a P/E ratio of 8.98.
Monroe Capital Corporation (NASDAQ:MRCC) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. On average, equities research analysts anticipate that Monroe Capital Corporation will post $1.69 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.90%. 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.
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