Shares of Monroe Capital Corporation (NASDAQ:MRCC) have received an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.50.

Several brokerages have recently issued reports on MRCC. BidaskClub raised shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. National Securities reissued a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Monday, June 12th. Zacks Investment Research raised 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 raised shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, August 10th. Finally, TheStreet cut shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th.

In related news, Chairman Theodore L. Koenig acquired 21,800 shares of the stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of $13.61 per share, with a total value of $296,698.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Liberty Capital Management Inc. purchased a new stake in shares of Monroe Capital Corporation during the 2nd quarter valued at $103,000. JPMorgan Chase & Co. acquired a new position in shares of Monroe Capital Corporation during the 2nd quarter valued at $114,000. KCG Holdings Inc. acquired a new position in shares of Monroe Capital Corporation during the 1st quarter valued at $158,000. Financial Counselors Inc. acquired a new position in shares of Monroe Capital Corporation during the 2nd quarter valued at $156,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Monroe Capital Corporation during the 2nd quarter valued at $225,000. 28.93% of the stock is owned by institutional investors.

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Monroe Capital Corporation (NASDAQ MRCC) traded up 1.34% on Wednesday, reaching $14.37. The company’s stock had a trading volume of 103,700 shares. The firm has a 50 day moving average price of $13.84 and a 200 day moving average price of $14.97. 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 released its 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). Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. The firm had revenue of $12.27 million during the quarter, compared to analysts’ expectations of $12.40 million. Equities analysts predict that Monroe Capital Corporation will post $1.40 EPS for the current year.

The business also recently disclosed 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 annualized dividend and a dividend yield of 9.74%. Monroe Capital Corporation’s dividend payout ratio is presently 157.31%.

About Monroe Capital Corporation

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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