Monroe Capital Corporation (MRCC) Getting Somewhat Favorable News Coverage, Analysis Finds
Headlines about Monroe Capital Corporation (NASDAQ:MRCC) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Monroe Capital Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.6890422459814 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- $13.36 Million in Sales Expected for Monroe Capital Corporation (MRCC) This Quarter (americanbankingnews.com)
- Monroe Capital Corporation (NASDAQ:MRCC) Sees Heavy Trading Volume with 112K Shares Changing Hands (highlightpress.com)
- Monroe Capital Corporation (NASDAQ:MRCC) Sees Significantly Higher Trading Volume (highlightpress.com)
- Monroe Capital Corporation (NASDAQ:MRCC) Experiences Heavier than Usual Trading Volume – Highlight Press (highlightpress.com)
- Analyzing Monroe Capital Corporation (MRCC) & TCG BDC INC (CGBD) (americanbankingnews.com)
MRCC has been the topic of several recent analyst reports. National Securities reissued a “buy” rating and set a $17.00 target price on shares of Monroe Capital Corporation in a research note on Monday, June 12th. Ladenburg Thalmann Financial Services raised shares of 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, August 10th. 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. Finally, BidaskClub raised shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.50.
Monroe Capital Corporation (NASDAQ:MRCC) opened at 13.90 on Friday. The company has a 50-day moving average of $14.58 and a 200-day moving average of $15.33. Monroe Capital Corporation has a 52 week low of $13.46 and a 52 week high of $16.37.
Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $12.27 million during the quarter, compared to analyst estimates of $12.40 million. Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. On average, equities analysts predict that Monroe Capital Corporation will post $1.40 EPS for the current year.
In other Monroe Capital Corporation news, Director Jeffrey D. Steele acquired 6,425 shares of the stock in a transaction dated Tuesday, June 20th. The shares were bought at an average price of $15.00 per share, with a total value of $96,375.00. Following the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $270,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Theodore L. Koenig acquired 16,697 shares of the stock in a transaction dated Tuesday, June 13th. The stock was acquired at an average cost of $14.95 per share, for a total transaction of $249,620.15. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
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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.
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