Monroe Capital (MRCC) Upgraded by ValuEngine to Hold

Monroe Capital (NASDAQ:MRCC) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other analysts also recently issued research reports about the company. National Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital in a research note on Monday, May 14th. Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. BidaskClub raised Monroe Capital from a “hold” rating to a “buy” rating in a research note on Saturday. TheStreet downgraded Monroe Capital from a “b-” rating to a “c” rating in a research note on Wednesday, April 11th. Finally, B. Riley began coverage on Monroe Capital in a research note on Tuesday, March 27th. They issued a “neutral” rating and a $13.50 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.50.

Monroe Capital traded down $0.11, hitting $13.88, during mid-day trading on Wednesday, MarketBeat Ratings reports. 78,244 shares of the company’s stock traded hands, compared to its average volume of 71,193. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market capitalization of $280.53 million, a P/E ratio of 9.91 and a beta of 0.59. Monroe Capital has a one year low of $12.18 and a one year high of $15.97.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. Monroe Capital had a return on equity of 10.16% and a net margin of 20.30%. The company had revenue of $14.95 million for the quarter, compared to the consensus estimate of $14.69 million. research analysts expect that Monroe Capital will post 1.52 earnings per share for the current fiscal year.

In related news, Chairman Theodore L. Koenig bought 27,367 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were acquired at an average cost of $12.36 per share, for a total transaction of $338,256.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Monroe Capital by 630.3% in the 1st quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 16,389 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Monroe Capital by 68.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 23,389 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 9,466 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of Monroe Capital by 44.4% in the 1st quarter. Clear Harbor Asset Management LLC now owns 46,124 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 14,180 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Monroe Capital by 43.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 60,019 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 18,165 shares during the last quarter. Finally, WESPAC Advisors LLC grew its holdings in shares of Monroe Capital by 38.5% in the 1st quarter. WESPAC Advisors LLC now owns 64,925 shares of the financial services provider’s stock worth $799,000 after acquiring an additional 18,042 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

About Monroe Capital

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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