Monroe Capital Corporation (MRCC) Stock Price Down 3.1%
Monroe Capital Corporation (NASDAQ:MRCC) fell 3.1% on Wednesday . The stock traded as low as $15.30 and last traded at $15.42, with a volume of 674,759 shares traded. The stock had previously closed at $15.92.
Several research firms recently weighed in on MRCC. Wunderlich boosted their target price on Monroe Capital Corporation from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Thursday. FBR & Co restated a “buy” rating on shares of Monroe Capital Corporation in a research note on Wednesday. National Securities restated a “buy” rating and set a $17.00 target price on shares of Monroe Capital Corporation in a research note on Wednesday. Zacks Investment Research upgraded Monroe Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Thursday, July 14th. Finally, 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. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.40.
The company has a 50-day moving average of $14.80 and a 200-day moving average of $13.48.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Equities analysts forecast that Monroe Capital Corporation will post $1.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a $0.35 dividend. The ex-dividend date was Monday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.07%.
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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