ValuEngine upgraded shares of Monroe Capital (NASDAQ:MRCC) from a strong sell rating to a sell rating in a research note released on Wednesday.
A number of other brokerages also recently weighed in on MRCC. National Securities reaffirmed a buy rating and issued a $16.00 target price on shares of Monroe Capital in a research note on Monday, September 10th. BidaskClub downgraded shares of Monroe Capital from a hold rating to a sell rating in a research note on Wednesday, August 22nd. Raymond James downgraded shares of Monroe Capital from an outperform rating to a market perform rating in a research note on Wednesday, November 7th. TheStreet downgraded shares of Monroe Capital from a b- rating to a c rating in a research note on Friday, November 16th. Finally, B. Riley dropped their target price on shares of Monroe Capital from $13.50 to $12.50 and set a neutral rating for the company in a research note on Thursday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $13.38.
Shares of MRCC stock opened at $11.29 on Wednesday. Monroe Capital has a 12-month low of $10.85 and a 12-month high of $14.65. The stock has a market cap of $230.82 million, a P/E ratio of 8.06 and a beta of 0.75. The company has a quick ratio of 3.01, a current ratio of 3.01 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%. The company had revenue of $13.78 million during the quarter, compared to the consensus estimate of $15.36 million. On average, equities research analysts expect that Monroe Capital will post 1.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date is Thursday, December 13th. Monroe Capital’s dividend payout ratio is presently 100.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cliffwater LLC raised its stake in shares of Monroe Capital by 65.0% during the third quarter. Cliffwater LLC now owns 210,642 shares of the financial services provider’s stock worth $2,858,000 after buying an additional 82,987 shares during the last quarter. Rothschild Investment Corp IL raised its stake in shares of Monroe Capital by 15.0% during the third quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock worth $1,454,000 after buying an additional 14,000 shares during the last quarter. BlackRock Inc. raised its stake in shares of Monroe Capital by 10.0% during the third quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 8,959 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Monroe Capital by 13.6% during the second quarter. Stephens Inc. AR now owns 97,547 shares of the financial services provider’s stock worth $1,315,000 after buying an additional 11,653 shares during the last quarter. Finally, WESPAC Advisors LLC raised its stake in shares of Monroe Capital by 72.1% during the third quarter. WESPAC Advisors LLC now owns 68,990 shares of the financial services provider’s stock worth $936,000 after buying an additional 28,910 shares during the last quarter. 24.54% of the stock is owned by institutional investors.
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.
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