MCG Capital Corp Given New $3.75 Price Target at FBR Capital Markets (MCGC)
Equities researchers at FBR Capital Markets dropped their price objective on shares of MCG Capital Corp (NASDAQ:MCGC) from $4.00 to $3.75 in a research report issued on Tuesday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target suggests a potential upside of 8.70% from the stock’s previous close.
Shares of MCG Capital Corp (NASDAQ:MCGC) traded down 2.90% during mid-day trading on Tuesday, hitting $3.35. 197,602 shares of the company’s stock traded hands. MCG Capital Corp has a 1-year low of $3.20 and a 1-year high of $5.55. The stock has a 50-day moving average of $3.52 and a 200-day moving average of $4.1. The company’s market cap is $217.7 million.
MCG Capital Corp (NASDAQ:MCGC) last announced its earnings results on Monday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.01. The company had revenue of $9.35 million for the quarter, compared to the consensus estimate of $10.45 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 29.2% on a year-over-year basis. On average, analysts predict that MCG Capital Corp will post $0.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Friday, May 9th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend is Wednesday, May 7th.
A number of other analysts have also recently weighed in on MCGC. Analysts at Compass Point reiterated a “neutral” rating on shares of MCG Capital Corp in a research note on Tuesday, April 29th. They now have a $3.80 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of MCG Capital Corp from $4.00 to $3.75 in a research note on Tuesday, April 22nd. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of MCG Capital Corp from $5.00 to $4.00 in a research note on Thursday, March 6th.
MCG Capital Corporation is a solutions-focused commercial finance company that provides capital and advisory services to middle-market companies throughout the United States.
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