Monroe Capital (NASDAQ:MRCC) Upgraded by ValuEngine to “Sell”

Monroe Capital (NASDAQ:MRCC) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.

A number of other equities research analysts also recently commented on MRCC. B. Riley set a $12.00 price objective on Monroe Capital and gave the company a “hold” rating in a research report on Tuesday, August 20th. Zacks Investment Research upgraded Monroe Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.

NASDAQ MRCC traded down $0.06 on Tuesday, reaching $10.49. 153,163 shares of the stock traded hands, compared to its average volume of 107,745. The firm’s fifty day simple moving average is $10.30 and its 200 day simple moving average is $11.45. The company has a quick ratio of 4.21, a current ratio of 4.21 and a debt-to-equity ratio of 1.58. The company has a market cap of $216.51 million, a price-to-earnings ratio of 6.68 and a beta of 1.16. Monroe Capital has a 12 month low of $9.10 and a 12 month high of $13.60.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $16.72 million during the quarter, compared to analyst estimates of $17.00 million. Monroe Capital had a return on equity of 11.43% and a net margin of 18.88%. As a group, equities research analysts forecast that Monroe Capital will post 1.4 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in MRCC. Advisory Alpha LLC acquired a new stake in shares of Monroe Capital during the 1st quarter valued at $36,000. Alera Investment Advisors LLC lifted its position in shares of Monroe Capital by 45.0% during the 1st quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 1,466 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Monroe Capital during the 1st quarter valued at $251,000. GYL Financial Synergies LLC acquired a new stake in shares of Monroe Capital during the 1st quarter valued at $272,000. Finally, Rothschild Investment Corp IL lifted its position in shares of Monroe Capital by 10.2% during the 2nd quarter. Rothschild Investment Corp IL now owns 85,341 shares of the financial services provider’s stock valued at $985,000 after acquiring an additional 7,891 shares during the last quarter. Institutional investors own 22.38% 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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Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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