Monroe Capital Corp Lowered to “Neutral” at Robert W. Baird (MRCC)
Monroe Capital Corp (NASDAQ:MRCC) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $14.00 target price on the stock. Robert W. Baird’s price target would indicate a potential upside of 0.86% from the stock’s previous close. The analysts noted that the move was a valuation call.
Monroe Capital Corp (NASDAQ:MRCC) traded down 0.58% on Wednesday, hitting $13.80. The stock had a trading volume of 21,764 shares. Monroe Capital Corp has a 52 week low of $11.05 and a 52 week high of $15.27. The stock has a 50-day moving average of $13.32 and a 200-day moving average of $12.95.
Monroe Capital Corp (NASDAQ:MRCC) last released its earnings data on Monday, May 12th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.02. Analysts expect that Monroe Capital Corp will post $1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date of this dividend is Wednesday, June 11th.
Monroe Capital Corporation is an externally managed, closed-end, non-diversified management investment company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.