News headlines about Monroe Capital Corporation (NASDAQ:MRCC) have been trending positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monroe Capital Corporation earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Oppenheimer Holdings Equities Analysts Decrease Earnings Estimates for Monroe Capital Corporation (MRCC) (americanbankingnews.com)
- Monroe Capital Corporation BDC Announces Second Quarter Financial Results – GlobeNewswire (press release) (globenewswire.com)
- Monroe Capital’s (MRCC) CEO Theodore Koenig on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Monroe Capital Corporation (NASDAQ:MRCC) Reviewed By Analysts (famososartistas.com)
- Edited Transcript of MRCC earnings conference call or presentation 9-Aug-17 4:00pm GMT (finance.yahoo.com)
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. National Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a report on Monday, May 15th. BidaskClub downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research note 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 target price on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.90.
Monroe Capital Corporation (MRCC) traded down 0.35% during trading on Friday, hitting $14.12. The stock had a trading volume of 84,385 shares. The stock’s 50 day moving average price is $14.92 and its 200 day moving average price is $15.45. Monroe Capital Corporation has a 12-month low of $13.60 and a 12-month high of $16.37.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $12.40 million. Monroe Capital Corporation had a return on equity of 9.82% and a net margin of 31.60%. On average, equities research analysts forecast that Monroe Capital Corporation will post $1.42 earnings per share for the current fiscal year.
In other Monroe Capital Corporation news, Chairman Theodore L. Koenig purchased 16,697 shares of Monroe Capital Corporation stock in a transaction on Tuesday, June 13th. The shares were bought at an average price of $14.95 per share, with a total value of $249,620.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Steele purchased 6,425 shares of Monroe Capital Corporation stock in a transaction on Tuesday, June 20th. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $96,375.00. Following the purchase, the director now owns 18,000 shares in the company, valued at $270,000. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.
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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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