ValuEngine Upgrades Monroe Capital (MRCC) to “Sell”

Monroe Capital (NASDAQ:MRCC) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also recently weighed in on MRCC. TheStreet upgraded Monroe Capital from a “c” rating to a “b-” rating in a research report on Friday, August 31st. BidaskClub upgraded Monroe Capital from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. B. Riley set a $14.00 price target on Monroe Capital and gave the company a “hold” rating in a research report on Friday, August 10th. Zacks Investment Research cut Monroe Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. Finally, National Securities reiterated a “buy” rating and set a $16.00 price target on shares of Monroe Capital in a research report on Monday, September 10th. 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 currently has a consensus rating of “Hold” and an average price target of $13.38.

Shares of MRCC opened at $11.27 on Wednesday. Monroe Capital has a twelve month low of $10.85 and a twelve month high of $14.65. The stock has a market cap of $230.82 million, a PE ratio of 8.05 and a beta of 0.75. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.86.



Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Monroe Capital had a return on equity of 11.44% and a net margin of 12.15%. The firm had revenue of $13.78 million for the quarter, compared to analysts’ expectations of $15.36 million. As a group, sell-side analysts predict that Monroe Capital will post 1.55 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC increased its position in shares of 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 worth $691,000 after purchasing an additional 5,125 shares during the last quarter. Ashfield Capital Partners LLC increased its position in shares of 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 worth $368,000 after purchasing an additional 6,461 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Monroe Capital by 11.2% in the third quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 6,858 shares during the last quarter. BB&T Securities LLC increased its position in shares of 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 worth $261,000 after purchasing an additional 7,440 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Monroe Capital by 10.0% in the third quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock worth $1,343,000 after purchasing an additional 8,959 shares during the last quarter. Institutional investors own 24.54% of the company’s stock.

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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Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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