Press coverage about Monroe Capital Corporation (NASDAQ:MRCC) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monroe Capital Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.0504960613084 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Monroe Capital Corporation (MRCC) opened at 14.32 on Friday. The company’s 50-day moving average price is $13.87 and its 200 day moving average price is $14.95. 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 issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $12.40 million. Analysts forecast that Monroe Capital Corporation will post $1.40 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.78%. Monroe Capital Corporation’s dividend payout ratio is 157.31%.
MRCC has been the topic of several recent research reports. TheStreet lowered Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report 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 report on Monday, June 12th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Ladenburg Thalmann Financial Services upgraded Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.
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In other Monroe Capital Corporation news, Chairman Theodore L. Koenig bought 21,800 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $13.61 per share, with a total value of $296,698.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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