ValuEngine Lowers Monroe Capital (MRCC) to Strong Sell

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ValuEngine downgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a strong sell rating in a research note released on Wednesday.

A number of other research analysts have also recently issued reports on MRCC. BidaskClub cut shares of Monroe Capital from a buy rating to a hold rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Monroe Capital from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Wednesday, July 11th. B. Riley set a $14.00 price objective on shares of Monroe Capital and gave the company a hold rating in a research note on Friday, August 10th. National Securities reduced their price objective on shares of Monroe Capital from $17.00 to $16.00 and set a buy rating for the company in a research note on Monday, August 13th. Finally, TheStreet upgraded shares of Monroe Capital from a c rating to a b- rating in a research note on Friday, August 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $13.38.

NASDAQ MRCC traded down $0.19 during trading hours on Wednesday, reaching $11.49. 232,529 shares of the company’s stock traded hands, 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 cap of $236.54 million, a P/E ratio of 7.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.01 and a quick ratio of 2.08.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.36 million. Research analysts expect that Monroe Capital will post 1.54 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment Corp IL increased its stake in Monroe Capital by 15.0% during 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 in the last quarter. Clear Harbor Asset Management LLC increased its stake in Monroe Capital by 11.1% during 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 in the last quarter. Palo Capital Inc. bought a new stake in Monroe Capital during the 2nd quarter valued at about $166,000. Ashfield Capital Partners LLC increased its stake in Monroe Capital by 31.3% during the 3rd quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 6,461 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in Monroe Capital by 62.3% during 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 in the last quarter. Institutional investors and hedge funds own 24.55% of the company’s stock.

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

Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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