JMP Securities Reiterates Buy Rating for Monroe Capital Corporation (MRCC)
Monroe Capital Corporation (NASDAQ:MRCC)‘s stock had its “buy” rating reaffirmed by equities researchers at JMP Securities in a research report issued on Wednesday.
MRCC has been the subject of a number of other research reports. Zacks Investment Research downgraded Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 2nd. Raymond James Financial Inc. initiated coverage on Monroe Capital Corporation in a report on Tuesday, August 16th. They set an “outperform” rating and a $18.50 target price for the company. National Securities reissued a “buy” rating and set a $17.00 target price on shares of Monroe Capital Corporation in a report on Wednesday. FBR & Co reissued a “buy” rating on shares of Monroe Capital Corporation in a report on Wednesday, July 20th. Finally, Wunderlich boosted their price target on Monroe Capital Corporation from $15.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Monroe Capital Corporation has a consensus rating of “Buy” and an average target price of $17.10.
Monroe Capital Corporation (NASDAQ:MRCC) opened at 14.62 on Wednesday. Monroe Capital Corporation has a 52-week low of $10.02 and a 52-week high of $16.37. The firm’s 50-day moving average is $15.03 and its 200-day moving average is $15.00.
Monroe Capital Corporation (NASDAQ:MRCC) last posted its earnings results on Monday, November 7th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.02. Monroe Capital Corporation had a return on equity of 11.09% and a net margin of 47.93%. Equities research analysts forecast that Monroe Capital Corporation will post $1.67 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD acquired a new position in Monroe Capital Corporation during the first quarter worth about $834,000. UBS Group AG boosted its position in Monroe Capital Corporation by 2.0% in the first quarter. UBS Group AG now owns 239,088 shares of the company’s stock worth $3,311,000 after buying an additional 4,641 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Monroe Capital Corporation by 0.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,498 shares of the company’s stock worth $630,000 after buying an additional 147 shares in the last quarter. Muzinich & Co. Inc. boosted its position in Monroe Capital Corporation by 4.5% in the second quarter. Muzinich & Co. Inc. now owns 167,588 shares of the company’s stock worth $2,485,000 after buying an additional 7,250 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Monroe Capital Corporation by 40.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 52,241 shares of the company’s stock worth $774,000 after buying an additional 15,165 shares in the last quarter. Hedge funds and other institutional investors own 22.83% of the company’s stock.
About Monroe Capital Corporation
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. 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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