Monroe Capital Corporation (NASDAQ:MRCC) has earned an average rating of “Buy” from the ten analysts that are covering the firm. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.88.
A number of analysts have recently commented on MRCC shares. National Securities restated a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital Corporation in a research report on Wednesday, November 9th. JMP Securities reiterated a “buy” rating on shares of Monroe Capital Corporation in a research report on Wednesday, November 9th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. Finally, Robert W. Baird cut Monroe Capital Corporation from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Monday, January 9th.
In related news, Chairman Theodore L. Koenig acquired 18,773 shares of the stock in a transaction on Friday, December 9th. The shares were bought at an average price of $15.29 per share, with a total value of $287,039.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in MRCC. Baird Financial Group Inc. raised its position in shares of Monroe Capital Corporation by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 31,733 shares of the company’s stock valued at $488,000 after buying an additional 231 shares during the period. National Asset Management Inc. raised its position in shares of Monroe Capital Corporation by 47.3% in the third quarter. National Asset Management Inc. now owns 36,759 shares of the company’s stock valued at $579,000 after buying an additional 11,809 shares during the period. UBS Group AG raised its position in shares of Monroe Capital Corporation by 38.3% in the third quarter. UBS Group AG now owns 318,430 shares of the company’s stock valued at $5,008,000 after buying an additional 88,187 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Monroe Capital Corporation by 13.6% in the third quarter. Chicago Partners Investment Group LLC now owns 90,491 shares of the company’s stock valued at $1,423,000 after buying an additional 10,850 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Monroe Capital Corporation during the third quarter valued at approximately $243,000. 29.56% of the stock is currently owned by institutional investors and hedge funds.
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Monroe Capital Corporation (NASDAQ:MRCC) opened at 15.61 on Friday. Monroe Capital Corporation has a 1-year low of $11.05 and a 1-year high of $16.37. The firm has a 50-day moving average price of $15.48 and a 200 day moving average price of $15.36.
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. 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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