Monroe Capital Corporation (MRCC) Trading 1.8% Higher
Monroe Capital Corporation (NASDAQ:MRCC) shot up 1.8% on Tuesday . The company traded as high as $15.50 and last traded at $15.45, with a volume of 89,515 shares changing hands. The stock had previously closed at $15.18.
MRCC has been the subject of a number of research reports. National Securities restated a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corporation in a report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, May 10th. TheStreet upgraded shares of Monroe Capital Corporation from a “hold” rating to a “buy” rating in a report on Friday, April 8th. Wunderlich raised their price target on shares of Monroe Capital Corporation from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Janney Montgomery Scott restated a “buy” rating on shares of Monroe Capital Corporation in a report on Wednesday, April 27th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $16.40.
The company has a 50 day moving average price of $15.07 and a 200-day moving average price of $13.68.
Monroe Capital Corporation (NASDAQ:MRCC) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. On average, equities research analysts forecast that Monroe Capital Corporation will post $1.70 earnings per share for the current 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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