Media coverage about Monroe Capital Corporation (NASDAQ:MRCC) has been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monroe Capital Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.4421328827067 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Shares of Monroe Capital Corporation (MRCC) are value at $13.93 – Wall Street Morning (wallstreetmorning.com)
- William Blair Analysts Lower Earnings Estimates for Monroe Capital Corporation (MRCC) (americanbankingnews.com)
- Volume Moving the Tape For Monroe Capital Corp (MRCC) – Stock Press Daily (stockpressdaily.com)
- Monroe Capital Corporation (NASDAQ:MRCC) Experiences Heavier than Usual Trading Volume – Modern Readers (modernreaders.com)
- Q3 2017 EPS Estimates for Monroe Capital Corporation (MRCC) Reduced by William Blair (americanbankingnews.com)
Monroe Capital Corporation (NASDAQ:MRCC) traded down 0.29% during midday trading on Friday, hitting $13.89. The stock had a trading volume of 118,648 shares. The firm has a 50-day moving average price of $14.75 and a 200-day moving average price of $15.39. 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 issued its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. The business had revenue of $12.27 million for the quarter, compared to the consensus estimate of $12.40 million. Equities research analysts predict that Monroe Capital Corporation will post $1.40 EPS for the current fiscal year.
MRCC has been the subject of several research reports. Zacks Investment Research cut Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. National Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Monday, May 15th. BidaskClub raised Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. 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 report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.50.
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In other news, Chairman Theodore L. Koenig purchased 16,697 shares of Monroe Capital Corporation stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average cost of $14.95 per share, for a total transaction of $249,620.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey D. Steele purchased 6,425 shares of Monroe Capital Corporation stock in a transaction that occurred on Tuesday, June 20th. The stock was purchased at an average price of $15.00 per share, with a total value of $96,375.00. Following the completion of the purchase, the director now directly owns 18,000 shares in the company, valued at $270,000. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
About Monroe Capital Corporation
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.
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