Monroe Capital Corporation (NASDAQ:MRCC) – Oppenheimer Holdings upped their FY2017 earnings per share (EPS) estimates for shares of Monroe Capital Corporation in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the financial services provider will post earnings of $1.39 per share for the year, up from their previous forecast of $1.38. Oppenheimer Holdings also issued estimates for Monroe Capital Corporation’s FY2018 earnings at $1.45 EPS.
MRCC has been the subject of a number of other research reports. TheStreet lowered Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. National Securities reiterated a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corporation in a research report on Monday, August 14th. 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 target for the company 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 three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.50.
Monroe Capital Corporation (MRCC) opened at $14.24 on Monday. Monroe Capital Corporation has a 12-month low of $13.32 and a 12-month high of $16.20. The stock has a market capitalization of $287.00, a P/E ratio of 10.13 and a beta of 0.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.01.
In other news, Chairman Theodore L. Koenig acquired 21,800 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of $13.61 per share, with a total value of $296,698.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Monroe Capital Corporation in the 2nd quarter worth $114,000. Stifel Financial Corp bought a new stake in shares of Monroe Capital Corporation in the 3rd quarter worth $143,000. Citadel Advisors LLC bought a new stake in shares of Monroe Capital Corporation in the 3rd quarter worth $144,000. Financial Counselors Inc. bought a new stake in shares of Monroe Capital Corporation in the 2nd quarter worth $156,000. Finally, KCG Holdings Inc. bought a new stake in shares of Monroe Capital Corporation in the 1st quarter worth $158,000. 27.95% of the stock is currently owned by institutional investors.
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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