Monroe Capital Corporation (MRCC) Receives Consensus Rating of “Hold” from Analysts

Shares of Monroe Capital Corporation (NASDAQ:MRCC) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.50.

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. National Securities restated a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Monday, August 14th. BidaskClub cut shares of Monroe Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, August 10th.

In related news, Chairman Theodore L. Koenig bought 21,800 shares of the stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $13.61 per share, with a total value of $296,698.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its stake in shares of Monroe Capital Corporation by 18.7% in the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after purchasing an additional 126,196 shares during the period. Blair William & Co. IL boosted its stake in shares of Monroe Capital Corporation by 0.5% in the second quarter. Blair William & Co. IL now owns 794,108 shares of the financial services provider’s stock valued at $12,094,000 after purchasing an additional 4,136 shares during the period. UBS Group AG boosted its stake in shares of Monroe Capital Corporation by 22.0% in the first quarter. UBS Group AG now owns 416,955 shares of the financial services provider’s stock valued at $6,558,000 after purchasing an additional 75,249 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Monroe Capital Corporation by 10.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 402,782 shares of the financial services provider’s stock valued at $6,134,000 after purchasing an additional 38,024 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Monroe Capital Corporation by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 184,334 shares of the financial services provider’s stock valued at $2,807,000 after purchasing an additional 1,521 shares during the period. 28.93% of the stock is owned by institutional investors and hedge funds.

Monroe Capital Corporation (NASDAQ:MRCC) traded down 1.12% during trading on Wednesday, hitting $14.16. 67,658 shares of the company were exchanged. The stock’s 50-day moving average is $13.87 and its 200-day moving average is $14.95. Monroe Capital Corporation has a 12 month low of $13.32 and a 12 month high of $16.20.

Monroe Capital Corporation (NASDAQ:MRCC) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. The firm had revenue of $12.27 million for the quarter, compared to analyst estimates of $12.40 million. Analysts anticipate that Monroe Capital Corporation will post $1.40 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.89%. The ex-dividend date was Thursday, September 14th. Monroe Capital Corporation’s dividend payout ratio (DPR) is presently 157.31%.

TRADEMARK VIOLATION WARNING: “Monroe Capital Corporation (MRCC) Receives Consensus Rating of “Hold” from Analysts” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/monroe-capital-corporation-mrcc-re

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. National Securities restated a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Monday, August 14th. BidaskClub cut shares of Monroe Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, August 10th.

In related news, Chairman Theodore L. Koenig bought 21,800 shares of the stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $13.61 per share, with a total value of $296,698.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its stake in shares of Monroe Capital Corporation by 18.7% in the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after purchasing an additional 126,196 shares during the period. Blair William & Co. IL boosted its stake in shares of Monroe Capital Corporation by 0.5% in the second quarter. Blair William & Co. IL now owns 794,108 shares of the financial services provider’s stock valued at $12,094,000 after purchasing an additional 4,136 shares during the period. UBS Group AG boosted its stake in shares of Monroe Capital Corporation by 22.0% in the first quarter. UBS Group AG now owns 416,955 shares of the financial services provider’s stock valued at $6,558,000 after purchasing an additional 75,249 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Monroe Capital Corporation by 10.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 402,782 shares of the financial services provider’s stock valued at $6,134,000 after purchasing an additional 38,024 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Monroe Capital Corporation by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 184,334 shares of the financial services provider’s stock valued at $2,807,000 after purchasing an additional 1,521 shares during the period. 28.93% of the stock is owned by institutional investors and hedge funds.

Monroe Capital Corporation (NASDAQ:MRCC) traded down 1.12% during trading on Wednesday, hitting $14.16. 67,658 shares of the company were exchanged. The stock’s 50-day moving average is $13.87 and its 200-day moving average is $14.95. Monroe Capital Corporation has a 12 month low of $13.32 and a 12 month high of $16.20.

Monroe Capital Corporation (NASDAQ:MRCC) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. The firm had revenue of $12.27 million for the quarter, compared to analyst estimates of $12.40 million. Analysts anticipate that Monroe Capital Corporation will post $1.40 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.89%. The ex-dividend date was Thursday, September 14th. Monroe Capital Corporation’s dividend payout ratio (DPR) is presently 157.31%.

TRADEMARK VIOLATION WARNING: “Monroe Capital Corporation (MRCC) Receives Consensus Rating of “Hold” from Analysts” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/monroe-capital-corporation-mrcc-receives-consensus-rating-of-hold-from-analysts.html.

About Monroe Capital Corporation

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 and Canada. 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.

Analyst Recommendations for Monroe Capital Corporation (NASDAQ:MRCC)

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