Monroe Capital Corporation (NASDAQ:MRCC) – Equities researchers at Oppenheimer Holdings issued their Q1 2018 earnings per share estimates for Monroe Capital Corporation in a report released on Wednesday. Oppenheimer Holdings analyst C. Kotowski forecasts that the financial services provider will post earnings of $0.35 per share for the quarter. Oppenheimer Holdings also issued estimates for Monroe Capital Corporation’s Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.37 EPS.
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MRCC has been the topic of a number of other research reports. TheStreet downgraded Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Monday, August 14th. BidaskClub downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, Ladenburg Thalmann Financial Services raised 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Monroe Capital Corporation presently has an average rating of “Hold” and a consensus target price of $16.50.
Shares of Monroe Capital Corporation (NASDAQ:MRCC) opened at $14.18 on Friday. Monroe Capital Corporation has a 12-month low of $13.32 and a 12-month high of $16.20. The firm has a market capitalization of $287.00, a PE 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 3.19 and a current ratio of 1.01.
In other Monroe Capital Corporation news, Chairman Theodore L. Koenig purchased 21,800 shares of the stock in a transaction on Thursday, September 7th. The stock was acquired at an average price of $13.61 per share, with a total value of $296,698.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Liberty Capital Management Inc. acquired a new stake in shares of Monroe Capital Corporation during the second quarter worth about $103,000. JPMorgan Chase & Co. acquired a new stake in shares of Monroe Capital Corporation during the second quarter worth about $114,000. KCG Holdings Inc. acquired a new stake in shares of Monroe Capital Corporation during the first quarter worth about $158,000. Citadel Advisors LLC acquired a new stake in shares of Monroe Capital Corporation during the third quarter worth about $144,000. Finally, Financial Counselors Inc. acquired a new stake in shares of Monroe Capital Corporation during the second quarter worth about $156,000. 28.69% of the stock is owned by hedge funds and other institutional investors.
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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