Monroe Capital (MRCC) Cut to Strong Sell at BidaskClub

Monroe Capital (NASDAQ:MRCC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on MRCC. Zacks Investment Research raised Monroe Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. TheStreet upgraded shares of Monroe Capital from a “c+” rating to a “b” rating in a research note on Monday, November 27th. Finally, National Securities reiterated a “buy” rating and set a $17.00 target price on shares of Monroe Capital in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.50.

Monroe Capital (MRCC) traded up $0.19 during trading on Friday, hitting $14.05. The stock had a trading volume of 93,327 shares, compared to its average volume of 112,260. Monroe Capital has a 1-year low of $13.32 and a 1-year high of $16.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $288.27, a price-to-earnings ratio of 14.34 and a beta of 0.56.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in shares of Monroe Capital during the second quarter worth $114,000. Stifel Financial Corp acquired a new position in shares of Monroe Capital during the third quarter worth $143,000. Citadel Advisors LLC acquired a new position in shares of Monroe Capital during the third quarter worth $144,000. Financial Counselors Inc. acquired a new position in shares of Monroe Capital during the second quarter worth $156,000. Finally, Spectrum Management Group Inc. acquired a new position in shares of Monroe Capital during the third quarter worth $172,000. Hedge funds and other institutional investors own 29.29% of the company’s stock.

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Monroe Capital 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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