JMP Securities Lowers Monroe Capital (MRCC) to Market Perform

Monroe Capital (NASDAQ:MRCC) was downgraded by equities research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. Raymond James cut Monroe Capital from an “outperform” rating to a “market perform” rating in a report on Wednesday. BidaskClub cut Monroe Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine cut Monroe Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. National Securities restated a “buy” rating and set a $16.00 price target on shares of Monroe Capital in a report on Monday, September 10th. Finally, TheStreet upgraded Monroe Capital from a “c” rating to a “b-” rating in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.00.

NASDAQ MRCC opened at $12.61 on Wednesday. The company has a market cap of $258.21 million, a price-to-earnings ratio of 9.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.08 and a quick ratio of 2.08. Monroe Capital has a 1-year low of $12.18 and a 1-year high of $14.65.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $15.31 million. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%. As a group, research analysts forecast that Monroe Capital will post 1.54 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Clear Harbor Asset Management LLC lifted its stake in shares of Monroe Capital by 11.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 51,249 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 5,125 shares during the last quarter. Rothschild Investment Corp IL lifted its stake in shares of Monroe Capital by 15.0% in the 3rd quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 14,000 shares during the last quarter. Palo Capital Inc. bought a new stake in shares of Monroe Capital in the 2nd quarter valued at approximately $166,000. BB&T Securities LLC lifted its stake in shares of Monroe Capital by 62.3% in the 2nd quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 7,440 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of Monroe Capital by 13.6% in the 2nd quarter. Stephens Inc. AR now owns 97,547 shares of the financial services provider’s stock valued at $1,315,000 after purchasing an additional 11,653 shares during the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

Further Reading: Cost of Capital

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