Monroe Capital (MRCC) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a hold rating in a research note published on Wednesday, September 12th.

A number of other research analysts also recently commented on MRCC. Zacks Investment Research upgraded Monroe Capital from a sell rating to a hold rating in a research report on Tuesday, May 15th. BidaskClub upgraded Monroe Capital from a hold rating to a buy rating in a research report on Saturday, May 19th. B. Riley set a $14.00 price target on Monroe Capital and gave the stock a hold rating in a research report on Friday, August 10th. Finally, National Securities lowered their price target on Monroe Capital from $17.00 to $16.00 and set a buy rating for the company in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $15.00.

MRCC traded down $0.06 during trading on Wednesday, reaching $13.10. 97,371 shares of the company traded hands, compared to its average volume of 94,936. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.08 and a quick ratio of 2.08. Monroe Capital has a 12-month low of $12.18 and a 12-month high of $14.80. The firm has a market cap of $277.43 million, a P/E ratio of 9.36 and a beta of 0.71.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $14.82 million during the quarter, compared to analyst estimates of $15.31 million. Monroe Capital had a net margin of 25.14% and a return on equity of 10.95%. On average, sell-side analysts anticipate that Monroe Capital will post 1.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 10.69%. Monroe Capital’s dividend payout ratio is presently 100.00%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Monroe Capital by 28.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 172,099 shares of the financial services provider’s stock worth $2,117,000 after purchasing an additional 38,160 shares during the period. North Star Investment Management Corp. purchased a new stake in Monroe Capital in the second quarter worth $323,000. Ashfield Capital Partners LLC purchased a new stake in Monroe Capital in the second quarter worth $279,000. WESPAC Advisors LLC increased its stake in Monroe Capital by 38.5% in the first quarter. WESPAC Advisors LLC now owns 64,925 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 18,042 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Monroe Capital by 630.3% in the first quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 16,389 shares during the period. Institutional investors own 24.92% 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.

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