Somewhat Positive Press Coverage Somewhat Unlikely to Impact Monroe Capital Corporation (MRCC) Stock Price
Media headlines about Monroe Capital Corporation (NASDAQ:MRCC) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monroe Capital Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.6740717445299 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities research analysts recently weighed in on the stock. 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. 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. BidaskClub lowered shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. TheStreet lowered shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Finally, 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, August 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.50.
Monroe Capital Corporation (MRCC) opened at 14.17 on Friday. The firm has a 50-day moving average of $13.93 and a 200 day moving average of $14.91. Monroe Capital Corporation has a 52-week low of $13.32 and a 52-week high of $16.20.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The firm had revenue of $12.27 million for the quarter, compared to the consensus estimate of $12.40 million. On average, analysts forecast that Monroe Capital Corporation will post $1.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend was Thursday, September 14th. Monroe Capital Corporation’s dividend payout ratio is currently 157.31%.
In other news, Chairman Theodore L. Koenig purchased 21,800 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of $13.61 per share, with a total value of $296,698.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.
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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.
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