Monroe Capital Corp Upgraded to “Outperform” by Zacks (MRCC)
Monroe Capital Corp (NASDAQ:MRCC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm currently has a $14.80 target price on the stock. Zacks‘s target price would indicate a potential upside of 6.78% from the company’s current price.
A number of other firms have also recently commented on MRCC. 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Monroe Capital Corp has an average rating of “Buy” and a consensus price target of $14.33.
Monroe Capital Corp (NASDAQ:MRCC) traded up 0.14% on Monday, hitting $13.86. The stock had a trading volume of 49,370 shares. Monroe Capital Corp has a 52 week low of $11.05 and a 52 week high of $15.26. The stock has a 50-day moving average of $13.53 and a 200-day moving average of $13.40.
Monroe Capital Corp (NASDAQ:MRCC) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04. Analysts expect that Monroe Capital Corp will post $1.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 9.81%. The ex-dividend date is Thursday, September 11th.
Monroe Capital Corporation is an externally managed, closed-end, non-diversified management investment company.
To view Zacks’ full report, visit Zacks’ official website.
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.