Somewhat Positive Media Coverage Unlikely to Affect Monroe Capital Corporation (MRCC) Stock Price
News stories about Monroe Capital Corporation (NASDAQ:MRCC) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One 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 coverage optimism score of 0.01 on Alpha One’s scale. Alpha One also gave media stories about the financial services provider an impact score of 33 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next few days.
Shares of Monroe Capital Corporation (NASDAQ:MRCC) traded down 0.85% during mid-day trading on Friday, reaching $15.16. The company had a trading volume of 82,887 shares. The stock has a 50 day moving average of $15.65 and a 200-day moving average of $15.58. The firm has a market capitalization of $253.51 million, a price-to-earnings ratio of 12.33 and a beta of 0.55. Monroe Capital Corporation has a one year low of $13.60 and a one year high of $16.37.
Monroe Capital Corporation (NASDAQ:MRCC) last issued its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $12.01 million for the quarter, compared to analysts’ expectations of $12.36 million. Monroe Capital Corporation had a net margin of 41.75% and a return on equity of 10.23%. Equities analysts predict that Monroe Capital Corporation will post $1.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.40 dividend on an annualized basis and a yield of 9.23%. Monroe Capital Corporation’s dividend payout ratio (DPR) is currently 112.90%.
A number of research analysts have recently weighed in on MRCC shares. Zacks Investment Research raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, March 11th. FBR & Co reissued a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a research note on Friday, March 10th. Finally, National Securities reissued a “buy” rating and issued a $17.00 price target on shares of Monroe Capital Corporation in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.08.
In other news, Chairman Theodore L. Koenig purchased 16,697 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were acquired at an average price of $14.95 per share, with a total value of $249,620.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.
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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