Monroe Capital Corporation (MRCC) Earning Somewhat Positive News Coverage, Report Finds
Media coverage about Monroe Capital Corporation (NASDAQ:MRCC) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monroe Capital Corporation earned a news impact score of 0.23 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.4551460438149 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Monroe Capital Corporation (MRCC) Receives “Buy” Rating from National Securities (americanbankingnews.com)
- FY2017 EPS Estimates for Monroe Capital Corporation Boosted by Oppenheimer Holdings (MRCC) (americanbankingnews.com)
- Analysts Issue Forecasts for Monroe Capital Corporation’s Q1 2018 Earnings (MRCC) (americanbankingnews.com)
- Monroe Capital Corporation (MRCC) Forecasted to Post FY2017 Earnings of $1.39 Per Share (americanbankingnews.com)
- Monroe Capital Corporation BDC Announces Strong Third Quarter Financial Results (finance.yahoo.com)
A number of brokerages have recently commented on MRCC. National Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a report on Monday. Zacks Investment Research raised shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. TheStreet cut shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. BidaskClub cut shares of Monroe Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services raised shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Monroe Capital Corporation presently has an average rating of “Hold” and an average price target of $16.50.
Monroe Capital Corporation (NASDAQ MRCC) traded up $0.05 during midday trading on Wednesday, reaching $14.29. 64,200 shares of the company traded hands, compared to its average volume of 99,599. The stock has a market capitalization of $289.23, a PE ratio of 10.17 and a beta of 0.58. Monroe Capital Corporation has a 52-week low of $13.32 and a 52-week high of $16.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.52.
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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% 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.
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