Monroe Capital (NASDAQ:MRCC) had its price objective dropped by B. Riley from $13.50 to $12.50 in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. B. Riley’s target price indicates a potential upside of 8.79% from the company’s previous close. B. Riley also issued estimates for Monroe Capital’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.57 EPS and Q3 2019 earnings at $0.39 EPS.
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Monroe Capital from a “c” rating to a “b-” rating in a report on Friday, August 31st. BidaskClub raised shares of Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. National Securities reaffirmed a “buy” rating and set a $16.00 target price on shares of Monroe Capital in a report on Monday, September 10th. Zacks Investment Research raised shares of Monroe Capital from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, July 11th. Finally, Janney Montgomery Scott set a $13.00 target price on shares of Monroe Capital and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Monroe Capital has a consensus rating of “Hold” and an average target price of $13.38.
Shares of MRCC traded down $0.19 during mid-day trading on Thursday, hitting $11.49. 232,529 shares of the company’s stock were exchanged, compared to its average volume of 131,344. Monroe Capital has a 52 week low of $11.16 and a 52 week high of $14.65. The stock has a market capitalization of $236.54 million, a PE ratio of 7.71 and a beta of 0.77. The company has a current ratio of 3.01, a quick ratio of 2.08 and a debt-to-equity ratio of 0.86.
Monroe Capital (NASDAQ:MRCC) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Monroe Capital had a net margin of 12.16% and a return on equity of 8.24%. The company had revenue of $13.78 million for the quarter, compared to analysts’ expectations of $15.36 million. Equities research analysts predict that Monroe Capital will post 1.54 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Rothschild Investment Corp IL increased its stake in Monroe Capital by 15.0% in the third quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 14,000 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in Monroe Capital by 11.1% in the second quarter. Clear Harbor Asset Management LLC now owns 51,249 shares of the financial services provider’s stock valued at $691,000 after acquiring an additional 5,125 shares during the last quarter. Palo Capital Inc. bought a new position in Monroe Capital in the second quarter valued at approximately $166,000. Ashfield Capital Partners LLC increased its stake in Monroe Capital by 31.3% in the third quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 6,461 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in Monroe Capital by 62.3% in the second quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock valued at $261,000 after acquiring an additional 7,440 shares during the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.
About Monroe Capital
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.
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