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Investment analysts at FBR Capital Markets hoisted their price target on shares of MCG Capital Corp (NASDAQ:MCGC) from $3.75 to $4.20 in a note issued to investors on Friday. FBR Capital Markets’ price target would suggest a potential upside of 9.38% from the stock’s previous close.

Shares of MCG Capital Corp (NASDAQ:MCGC) traded down 1.03% during mid-day trading on Friday, hitting $3.84. 395,929 shares of the company’s stock traded hands. MCG Capital Corp has a one year low of $3.20 and a one year high of $5.36. The stock has a 50-day moving average of $3.8 and a 200-day moving average of $3.83. The company’s market cap is $249.6 million.

MCG Capital Corp (NASDAQ:MCGC) last released its earnings data on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $8.74 million. During the same quarter last year, the company posted $0.11 earnings per share. MCG Capital Corp’s revenue was down 26.4% compared to the same quarter last year. Analysts expect that MCG Capital Corp will post $0.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Monday, August 18th.

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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