Monroe Capital (MRCC) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Monroe Capital Corporation is a non-diversified closed-end management investment 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 through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago. “

Other equities analysts have also issued reports about the company. TheStreet raised Monroe Capital from a c+ rating to a b rating in a report on Monday, November 27th. National Securities reissued a buy rating and issued a $17.00 price objective on shares of Monroe Capital in a report on Monday, November 13th. Finally, BidaskClub lowered Monroe Capital from a sell rating to a strong sell rating in a research note on Saturday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $16.67.

Monroe Capital (NASDAQ:MRCC) opened at $13.85 on Wednesday. Monroe Capital has a fifty-two week low of $13.32 and a fifty-two week high of $16.20. The stock has a market capitalization of $280.32, a P/E ratio of 14.13 and a beta of 0.56. 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 (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Monroe Capital had a return on equity of 9.47% and a net margin of 35.62%. analysts anticipate that Monroe Capital will post 1.39 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of MRCC. Atlantic Trust Group LLC bought a new position in Monroe Capital during the 3rd quarter valued at $2,056,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Monroe Capital by 14.8% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock valued at $6,616,000 after purchasing an additional 59,617 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in Monroe Capital by 132.8% during the 4th quarter. Rothschild Investment Corp IL now owns 84,150 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 48,000 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its stake in Monroe Capital by 55.2% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 127,539 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 45,346 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Monroe Capital by 29.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 128,178 shares of the financial services provider’s stock valued at $1,834,000 after purchasing an additional 29,509 shares in the last quarter. 29.50% of the stock is owned by hedge funds and other institutional investors.

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Monroe Capital 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.

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