Monroe Capital Corporation (NASDAQ:MRCC) has received an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.50.

MRCC has been the topic of several research reports. TheStreet lowered shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. National Securities reiterated a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Monday, May 15th. BidaskClub upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. 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 on the stock in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th.

Monroe Capital Corporation (NASDAQ MRCC) traded down 0.71% during trading on Friday, hitting $13.94. The company had a trading volume of 119,295 shares. Monroe Capital Corporation has a 12 month low of $13.41 and a 12 month high of $16.25. The company’s 50 day moving average price is $14.23 and its 200-day moving average price is $15.20.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.01). The business had revenue of $12.27 million for the quarter, compared to analyst estimates of $12.40 million. Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. On average, analysts forecast that Monroe Capital Corporation will post $1.40 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.40 annualized dividend and a yield of 10.04%. Monroe Capital Corporation’s dividend payout ratio (DPR) is 157.31%.

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In other news, Director Jeffrey D. Steele purchased 6,425 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were bought at an average price of $15.00 per share, for a total transaction of $96,375.00. Following the completion of the purchase, the director now owns 18,000 shares of the company’s stock, valued at $270,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Theodore L. Koenig purchased 21,800 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of $13.61 per share, for a total transaction of $296,698.00. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Muzinich & Co. Inc. increased 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 increased 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 increased 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 increased 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 increased 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. Institutional investors own 28.93% of the company’s stock.

Monroe Capital Corporation Company Profile

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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