ValuEngine Lowers Monroe Capital (MRCC) to Strong Sell

ValuEngine cut shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also recently weighed in on MRCC. BidaskClub cut shares of Monroe Capital from a buy rating to a hold rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Monroe Capital from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Wednesday, July 11th. B. Riley set a $14.00 price target on shares of Monroe Capital and gave the company a hold rating in a research report on Friday, August 10th. National Securities dropped their price target on shares of Monroe Capital from $17.00 to $16.00 and set a buy rating for the company in a research report on Monday, August 13th. Finally, TheStreet raised shares of Monroe Capital from a c rating to a b- rating in a research report on Friday, August 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $13.38.

Shares of MRCC stock traded down $0.19 on Wednesday, hitting $11.49. 232,529 shares of the company’s stock traded hands, compared to its average volume of 131,344. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.08 and a current ratio of 3.01. Monroe Capital has a one year low of $11.16 and a one year high of $14.65. The firm has a market cap of $236.54 million, a P/E ratio of 7.71 and a beta of 0.77.

Monroe Capital (NASDAQ:MRCC) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $13.78 million for the quarter, compared to analyst estimates of $15.36 million. Monroe Capital had a net margin of 12.16% and a return on equity of 8.24%. As a group, analysts forecast that Monroe Capital will post 1.54 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MRCC. JPMorgan Chase & Co. boosted its position in Monroe Capital by 630.3% during the 1st quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after buying an additional 16,389 shares during the period. Palo Capital Inc. purchased a new stake in shares of Monroe Capital in the 2nd quarter worth about $166,000. North Star Investment Management Corp. purchased a new stake in shares of Monroe Capital in the 2nd quarter worth about $323,000. Ashfield Capital Partners LLC purchased a new stake in shares of Monroe Capital in the 2nd quarter worth about $279,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Monroe Capital in the 2nd quarter worth about $192,000. 24.55% 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.

Featured Article: NASDAQ

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit