Monroe Capital (NASDAQ:MRCC) Cut to “Strong Sell” at ValuEngine

ValuEngine cut shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a strong sell rating in a research report released on Saturday morning, ValuEngine reports.

Several other research firms have also recently issued reports on MRCC. B. Riley set a $12.00 target price on Monroe Capital and gave the stock a hold rating in a research note on Tuesday, August 20th. Zacks Investment Research raised Monroe Capital from a sell rating to a hold rating in a research note on Tuesday, September 10th. Two 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 stock presently has a consensus rating of Hold and an average target price of $13.00.

MRCC opened at $10.37 on Friday. The company has a market cap of $211.76 million, a P/E ratio of 6.61 and a beta of 1.16. The business’s 50-day moving average price is $10.51 and its 200-day moving average price is $11.59. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 1.58. Monroe Capital has a 12 month low of $9.10 and a 12 month high of $13.87.



Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $16.72 million for the quarter, compared to the consensus estimate of $17.00 million. Monroe Capital had a return on equity of 11.43% and a net margin of 18.88%. Equities research analysts forecast that Monroe Capital will post 1.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 13.50%. Monroe Capital’s payout ratio is presently 89.17%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Breiter Capital Management Inc. bought a new stake in shares of Monroe Capital in the second quarter worth about $121,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Monroe Capital by 11.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 354,011 shares of the financial services provider’s stock worth $4,085,000 after purchasing an additional 36,173 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Monroe Capital by 78.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 19,316 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 8,514 shares during the last quarter. Morgan Stanley grew its stake in shares of Monroe Capital by 50.7% in the second quarter. Morgan Stanley now owns 58,112 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 19,551 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Monroe Capital in the second quarter worth about $30,000. 22.38% of the stock is currently owned by institutional investors.

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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