A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Monroe Capital from a buy rating to a hold rating in a research report on Wednesday, March 13th. National Securities reaffirmed a neutral rating and set a $13.00 price objective on shares of Monroe Capital in a research report on Thursday, March 7th. Finally, BidaskClub downgraded shares of Monroe Capital from a buy rating to a hold rating in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $13.13.
Shares of MRCC stock opened at $12.11 on Thursday. Monroe Capital has a 12 month low of $9.10 and a 12 month high of $14.65. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $247.53 million, a price-to-earnings ratio of 7.71 and a beta of 1.14.
Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $16.16 million during the quarter, compared to analyst estimates of $16.58 million. Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%. Sell-side analysts forecast that Monroe Capital will post 1.44 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC acquired a new position in Monroe Capital during the 4th quarter valued at about $27,000. Advisory Alpha LLC acquired a new position in Monroe Capital during the 1st quarter valued at about $36,000. Quad Cities Investment Group LLC boosted its stake in Monroe Capital by 3,000.0% during the 1st quarter. Quad Cities Investment Group LLC now owns 3,100 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 3,000 shares during the period. Alera Investment Advisors LLC boosted its stake in 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 purchasing an additional 1,466 shares during the period. Finally, CFO4Life Group LLC acquired a new position in Monroe Capital during the 4th quarter valued at about $112,000. 22.52% of the stock is owned by institutional investors and hedge funds.
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.
Read More: Index Funds
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Monroe Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital and related companies with MarketBeat.com's FREE daily email newsletter.