Monroe Capital Corp (MRCC) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $15.50 . Wunderlich advised their investors in a research report released on Jul 21, 2016.
Monroe Capital Corp closed down -0.47 points or -2.95% at $15.45 with 8,68,132 shares getting traded on Wednesday. Post opening the session at $15.35, the shares hit an intraday low of $15.3 and an intraday high of $15.45 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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).