Monroe Capital Corporation (NASDAQ:MRCC) Chairman Theodore L. Koenig bought 21,800 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average price of $13.61 per share, for a total transaction of $296,698.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Theodore L. Koenig also recently made the following trade(s):

  • On Tuesday, June 13th, Theodore L. Koenig bought 16,697 shares of Monroe Capital Corporation stock. The stock was acquired at an average price of $14.95 per share, for a total transaction of $249,620.15.

Monroe Capital Corporation (NASDAQ:MRCC) traded up 2.65% on Friday, reaching $13.97. The company’s stock had a trading volume of 102,070 shares. Monroe Capital Corporation has a 52-week low of $13.41 and a 52-week high of $16.25. The stock’s 50 day moving average price is $14.29 and its 200 day moving average price is $15.22.

Monroe Capital Corporation (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The business had revenue of $12.27 million during the quarter, compared to analysts’ expectations of $12.40 million. On average, equities research analysts forecast that Monroe Capital Corporation will post $1.40 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.40 annualized dividend and a dividend yield of 10.29%. Monroe Capital Corporation’s dividend payout ratio (DPR) is presently 157.31%.

TRADEMARK VIOLATION NOTICE: “Theodore L. Koenig Purchases 21,800 Shares of Monroe Capital Corporation (MRCC) Stock” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/08/theodore-l-koenig-purchases-21800-shares-of-monroe-capital-corporation-mrcc-stock.html.

A number of research analysts have issued reports on the company. TheStreet cut Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. National Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a research report on Monday, August 14th. BidaskClub cut Monroe Capital Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services upgraded Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Monroe Capital Corporation presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Several institutional investors have recently made changes to their positions in MRCC. Liberty Capital Management Inc. bought a new position in shares of Monroe Capital Corporation during the 2nd quarter valued at about $103,000. JPMorgan Chase & Co. bought a new position in shares of Monroe Capital Corporation during the 2nd quarter valued at about $114,000. Financial Counselors Inc. bought a new position in shares of Monroe Capital Corporation during the 2nd quarter valued at about $156,000. KCG Holdings Inc. bought a new position in shares of Monroe Capital Corporation during the 1st quarter valued at about $158,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Monroe Capital Corporation during the 1st quarter valued at about $208,000. Hedge funds and other institutional investors own 28.93% of the company’s stock.

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.

Receive News & Ratings for Monroe Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.