Monroe Capital Corporation (NASDAQ:MRCC) – Equities researchers at Oppenheimer Holdings upped their FY2017 earnings per share (EPS) estimates for shares of Monroe Capital Corporation in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the financial services provider will post earnings of $1.39 per share for the year, up from their previous forecast of $1.38. Oppenheimer Holdings also issued estimates for Monroe Capital Corporation’s FY2018 earnings at $1.45 EPS.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://weekherald.com/2017/11/15/fy2017-eps-estimates-for-monroe-capital-corporation-raised-by-oppenheimer-holdings-mrcc.html.
Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. National Securities reiterated a “buy” rating and set a $17.00 target price on shares of Monroe Capital Corporation in a report on Monday, August 14th. TheStreet cut Monroe Capital Corporation from a “b” rating to a “c+” rating in a report on Friday, August 25th. Finally, Ladenburg Thalmann Financial Services upgraded Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.50.
Shares of Monroe Capital Corporation (MRCC) opened at $14.29 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 1.01. Monroe Capital Corporation has a 1 year low of $13.32 and a 1 year high of $16.20. The company has a market cap of $288.22, a price-to-earnings ratio of 10.17 and a beta of 0.58.
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in shares of Monroe Capital Corporation during the second quarter worth approximately $114,000. Stifel Financial Corp bought a new position in Monroe Capital Corporation in the third quarter valued at approximately $143,000. Citadel Advisors LLC bought a new position in Monroe Capital Corporation in the third quarter valued at approximately $144,000. Financial Counselors Inc. bought a new position in Monroe Capital Corporation in the second quarter valued at approximately $156,000. Finally, KCG Holdings Inc. bought a new stake in shares of Monroe Capital Corporation during the first quarter worth $158,000. Hedge funds and other institutional investors own 27.95% of the company’s stock.
In other news, Chairman Theodore L. Koenig bought 21,800 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $13.61 per share, for a total transaction of $296,698.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% 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.