Monroe Capital (NASDAQ:MRCC) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.
A number of other analysts also recently weighed in on MRCC. Zacks Investment Research downgraded shares of Monroe Capital from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. Janney Montgomery Scott set a $13.00 price target on Monroe Capital and gave the stock a “buy” rating in a report on Wednesday, November 7th. B. Riley cut their price target on Monroe Capital from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Thursday, November 8th. JMP Securities cut Monroe Capital from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 7th. Finally, Raymond James cut Monroe Capital from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Monroe Capital currently has a consensus rating of “Hold” and a consensus target price of $13.38.
Monroe Capital stock opened at $12.31 on Monday. Monroe Capital has a 1 year low of $9.10 and a 1 year high of $14.65. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market capitalization of $250.45 million, a PE ratio of 7.95 and a beta of 1.15.
Monroe Capital (NASDAQ:MRCC) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $13.78 million during the quarter, compared to the consensus estimate of $15.36 million. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%. On average, sell-side analysts predict that Monroe Capital will post 1.55 EPS for the current fiscal year.
In other news, Chairman Theodore L. Koenig bought 10,700 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The shares were bought at an average cost of $9.34 per share, for a total transaction of $99,938.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Aaron Daniel Peck bought 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was purchased at an average price of $9.20 per share, for a total transaction of $41,400.00. Following the completion of the acquisition, the chief financial officer now owns 10,436 shares in the company, valued at $96,011.20. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 16,400 shares of company stock worth $152,978. 1.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Investment Advisory Services LLC purchased a new stake in Monroe Capital in the 4th quarter valued at $27,000. CFO4Life Group LLC purchased a new stake in Monroe Capital in the 4th quarter valued at $112,000. Ashfield Capital Partners LLC raised its position in Monroe Capital by 31.3% in the 3rd quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock valued at $368,000 after buying an additional 6,461 shares during the last quarter. Mackenzie Financial Corp raised its position in Monroe Capital by 73.1% in the 3rd quarter. Mackenzie Financial Corp now owns 36,387 shares of the financial services provider’s stock valued at $494,000 after buying an additional 15,369 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Monroe Capital by 16.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 79,199 shares of the financial services provider’s stock valued at $760,000 after buying an additional 11,091 shares during the last quarter. Institutional investors own 24.12% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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