ValuEngine upgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a hold rating in a report released on Monday, February 4th.
A number of other equities analysts also recently commented on MRCC. Raymond James downgraded Monroe Capital from an outperform rating to a market perform rating in a research report on Wednesday, November 7th. JMP Securities downgraded Monroe Capital from an outperform rating to a market perform rating in a research report on Wednesday, November 7th. Janney Montgomery Scott set a $13.00 target price on Monroe Capital and gave the company a buy rating in a research report on Wednesday, November 7th. B. Riley dropped their price objective on Monroe Capital from $13.50 to $12.50 and set a neutral rating for the company in a research note on Thursday, November 8th. Finally, Zacks Investment Research cut Monroe Capital from a hold rating to a sell rating in a research note on Friday, November 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Monroe Capital has a consensus rating of Hold and an average target price of $13.38.
NASDAQ MRCC opened at $12.25 on Monday. Monroe Capital has a 1-year low of $9.10 and a 1-year high of $14.65. The company has a market capitalization of $250.39 million, a PE ratio of 8.75 and a beta of 1.15. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.86.
In other Monroe Capital news, Chairman Theodore L. Koenig purchased 10,700 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was bought at an average cost of $9.34 per share, with a total value of $99,938.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aaron Daniel Peck purchased 4,500 shares of the firm’s stock in a transaction on Monday, December 24th. The shares were acquired at an average cost of $9.20 per share, with a total value of $41,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,436 shares in the company, valued at $96,011.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,400 shares of company stock valued at $152,978 over the last ninety days. 1.90% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of MRCC. Capital Investment Advisory Services LLC purchased a new stake in shares of Monroe Capital in the 4th quarter valued at about $27,000. CFO4Life Group LLC purchased a new stake in Monroe Capital during the 4th quarter valued at approximately $112,000. Wiley BROS. Aintree Capital LLC purchased a new stake in Monroe Capital during the 4th quarter valued at approximately $186,000. Raymond James Financial Services Advisors Inc. raised its stake in Monroe Capital by 59.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,336 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 8,351 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Monroe Capital by 4.3% during the 4th quarter. Advisor Group Inc. now owns 27,118 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 1,123 shares during the last quarter. 22.37% of the stock is owned by institutional investors and hedge funds.
Monroe Capital Company Profile
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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