Monroe Capital Corp (MRCC) Releases Quarterly Earnings Results
Monroe Capital Corp (NASDAQ:MRCC) issued its quarterly earnings data on Monday. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.04, AnalystRatings.Net reports.
Monroe Capital Corp (NASDAQ:MRCC) traded up 0.07% during mid-day trading on Monday, hitting $13.36. The stock had a trading volume of 3,625 shares. Monroe Capital Corp has a 1-year low of $11.05 and a 1-year high of $15.26. The stock has a 50-day moving average of $13.47 and a 200-day moving average of $13.33.
A number of analysts have recently weighed in on MRCC shares. Analysts at National Securities upgraded shares of Monroe Capital Corp to a “buy” rating in a research note on Tuesday, July 1st. Analysts at Robert W. Baird downgraded shares of Monroe Capital Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $14.00 price target on the stock. They noted that the move was a valuation call.
Monroe Capital Corporation is an externally managed, closed-end, non-diversified management investment company.
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