Monroe Capital Corp (MRCC) was Initiated by Raymond James to “Outperform” and the brokerage firm has set the Price Target at $18.50. Raymond James advised their investors in a research report released on Aug 16, 2016.
Many Wall Street Analysts have commented on Monroe Capital Corp. Monroe Capital Corp was Downgraded by Ladenburg Thalmann to ” Neutral” on Aug 10, 2016. Company shares were Reiterated by Wunderlich on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $15.50 .
Monroe Capital Corp opened for trading at $15.64 and hit $15.75 on the upside on Monday, eventually ending the session at $15.75, with a gain of 0.83% or 0.13 points. The heightened volatility saw the trading volume jump to 81,951 shares. Company has a market cap of $261 M.
In a different news, on Mar 21, 2016, Theodore L Koenig (CEO) purchased 7,017 shares at $13.98 per share price.
Monroe Capital Corporation is an externally managed 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. The Company provides customized financing solutions focused primarily on senior secured junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt and unsecured subordinated debt and equity including equity co-investments in preferred and common stock and warrants. The Company’s investment activities are managed by its investment advisor Monroe Capital BDC Advisors LLC (MC Advisors).