Monroe Capital Corporation (NASDAQ:MRCC) – Equities researchers at William Blair dropped their Q1 2018 EPS estimates for shares of Monroe Capital Corporation in a note issued to investors on Monday. William Blair analyst R. Napoli now expects that the financial services provider will post earnings of $0.35 per share for the quarter, down from their previous forecast of $0.38. William Blair also issued estimates for Monroe Capital Corporation’s Q4 2018 earnings at $0.40 EPS.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. National Securities reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Monday. BidaskClub lowered Monroe Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services raised Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.50.

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Monroe Capital Corporation (NASDAQ:MRCC) traded up 0.2693% during mid-day trading on Thursday, reaching $13.9976. The company had a trading volume of 46,189 shares. The firm has a 50-day moving average of $14.82 and a 200 day moving average of $15.41. Monroe Capital Corporation has a 1-year low of $13.60 and a 1-year high of $16.37.

Monroe Capital Corporation (NASDAQ:MRCC) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $12.27 million during the quarter, compared to the consensus estimate of $12.40 million. Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%.

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Monroe Capital Corporation by 197.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 34,384 shares of the financial services provider’s stock valued at $524,000 after buying an additional 22,827 shares during the last quarter. Royal Bank of Canada raised its stake in Monroe Capital Corporation by 1.6% in the second quarter. Royal Bank of Canada now owns 19,480 shares of the financial services provider’s stock valued at $297,000 after buying an additional 314 shares during the last quarter. Muzinich & Co. Inc. raised its stake in Monroe Capital Corporation by 18.7% in the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock valued at $12,201,000 after buying an additional 126,196 shares during the last quarter. Advisor Group Inc. raised its stake in Monroe Capital Corporation by 5.7% in the second quarter. Advisor Group Inc. now owns 68,168 shares of the financial services provider’s stock valued at $1,038,000 after buying an additional 3,700 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Monroe Capital Corporation by 0.4% in the second quarter. MML Investors Services LLC now owns 19,749 shares of the financial services provider’s stock valued at $301,000 after buying an additional 70 shares during the last quarter. 26.70% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jeffrey D. Steele acquired 6,425 shares of the stock in a transaction dated Tuesday, June 20th. The stock was acquired at an average cost of $15.00 per share, with a total value of $96,375.00. Following the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at $270,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Theodore L. Koenig acquired 16,697 shares of the stock in a transaction dated Tuesday, June 13th. The stock was bought at an average cost of $14.95 per share, with a total value of $249,620.15. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

Monroe Capital Corporation Company Profile

Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.

Earnings History and Estimates for Monroe Capital Corporation (NASDAQ:MRCC)

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