Monroe Capital Corporation (MRCC) Given Average Rating of “Hold” by Brokerages

Shares of Monroe Capital Corporation (NASDAQ:MRCC) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.50.

Several equities research analysts have recently weighed in on MRCC shares. BidaskClub cut Monroe Capital Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Ladenburg Thalmann Financial Services upgraded Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 10th. National Securities reiterated a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corporation in a research report on Monday, August 14th. Zacks Investment Research upgraded Monroe Capital Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, TheStreet cut Monroe Capital Corporation from a “b” rating to a “c+” rating in a research report on Friday, August 25th.

Monroe Capital Corporation (NASDAQ MRCC) traded down $0.13 during midday trading on Friday, reaching $14.43. The company had a trading volume of 74,435 shares, compared to its average volume of 83,750. The company has a market capitalization of $288.62, a price-to-earnings ratio of 10.04 and a beta of 0.58.

Monroe Capital Corporation (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The firm had revenue of $12.27 million during the quarter, compared to the consensus estimate of $12.40 million. analysts predict that Monroe Capital Corporation will post 1.4 earnings per share for the current year.

In related news, Chairman Theodore L. Koenig purchased 21,800 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $13.61 per share, for a total transaction of $296,698.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Muzinich & Co. Inc. grew its holdings in shares of Monroe Capital Corporation by 18.7% during the second quarter. Muzinich & Co. Inc. now owns 801,138 shares of the financial services provider’s stock worth $12,201,000 after purchasing an additional 126,196 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Monroe Capital Corporation by 0.5% during the second quarter. Blair William & Co. IL now owns 794,108 shares of the financial services provider’s stock worth $12,094,000 after purchasing an additional 4,136 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Monroe Capital Corporation by 14.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock worth $6,616,000 after purchasing an additional 59,617 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Monroe Capital Corporation by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 184,334 shares of the financial services provider’s stock worth $2,807,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Monroe Capital Corporation by 14.4% during the second quarter. Van ECK Associates Corp now owns 145,083 shares of the financial services provider’s stock worth $2,210,000 after purchasing an additional 18,281 shares in the last quarter. 28.48% of the stock is owned by institutional investors.

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Monroe Capital Corporation Company Profile

Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.

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