Monroe Capital Corporation (NASDAQ:MRCC) Experiences Heavier than Average Trading Volume

Claudine Rigal
Août 7, 2017

Shares of Monroe Capital Corporation (NASDAQ:MRCC) have been assigned a consensus rating of "Hold" from the eight brokerages that are now covering the company, Marketbeat reports. Shares saw a steep increase in trading volume of 386.17% over the normal average daily volume.

Shares are trading at $14.48 a tad under $15.06, the stock's 50 day moving average and a bit lower than the 200 day moving average of $15.50.

07/21/2016 - Monroe Capital Corporation had its " rating reiterated by analysts at Wunderlich. Monroe Capital Corporation had a return on equity of 10.23% and a net margin of 41.75%. The stock was acquired at an average price of $14.95 per share, for a total transaction of $249,620.15. Pennsylvania-based Tfs Capital Limited Liability Corporation has invested 0.04% in Monroe Capital Corp (NASDAQ:MRCC).

Analysts await Monroe Capital Corp (NASDAQ:MRCC) to report earnings on August, 14. The financial services provider reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. The average 12-month price objective among brokerages that have updated their coverage on the stock in the a year ago is $17.13. The original version of this report can be read at The company had revenue of $12.01 million for the quarter, compared to analysts' expectations of $12.36 million. On average, analysts expect Monroe Capital Corporation to post $1.45 EPS for the current fiscal year and $1.57 EPS for the next fiscal year.

MRCC has been the topic of a number of recent research reports. National Securities restated a "buy" rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a research note on Monday, May 15th. The purchase was disclosed in a document filed with the SEC, which is available through this link.

In other Monroe Capital Corporation news, Director Jeffrey D. Steele acquired 6,425 shares of the company's stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average price of $15.00 per share, with a total value of $96,375.00. The disclosure for this purchase can be found here. Following the completion of the purchase, the director now owns 18,000 shares of the company's stock, valued at approximately $270,000. If you are accessing this story on another domain, it was stolen and republished in violation of worldwide copyright and trademark legislation. In the last ninety days, insiders have purchased 28,832 shares of company stock worth $434,443. Rothschild Investment Corp IL now owns 37,050 shares of the financial services provider's stock valued at $583,000 after buying an additional 600 shares in the last quarter.

Silver Capital Management Llc holds 2.71% of its portfolio in Monroe Capital Corp for 38,434 shares.

05/14/2015 - Monroe Capital Corporation was downgraded to " by analysts at Zacks. Hedge funds and other institutional investors own 27.60% of the company's stock. Tower Rech Ltd Company (Trc) reported 0% in Monroe Capital Corp (NASDAQ:MRCC). Advisors Asset Management, Inc. downsized its stake by shedding 124,742 shares a decrease of 20.6% as of 06/30/2017. Muzinich & Co. Inc. now owns 674,942 shares of the financial services provider's stock valued at $10,617,000 after buying an additional 238,038 shares during the period. Finally, North Star Investment Management Corp. raised its position in Monroe Capital Corporation by 405.4% in the first quarter. Blair William & Co/il now owns 794,108 shares with a value of $12,094,000. As of quarter end Janney Montgomery Scott LLC had acquired a total of 1,521 shares growing its stake by 0.8%. Muzinich & Company Inc holds 0.89% of its portfolio in Monroe Capital Corp (NASDAQ:MRCC) for 436,904 shares. The Firm is a specialty finance firm focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Business'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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