Monroe Capital Corporation (NASDAQ:MRCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Monroe Capital Corporation is a non-diversified closed-end management investment 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 through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago. “

A number of other research firms have also recently commented on MRCC. Raymond James Financial Inc. started coverage on Monroe Capital Corporation in a research report on Tuesday, August 16th. They set an “outperform” rating and a $18.50 target price on the stock. National Securities restated a “buy” rating and set a $17.00 target price on shares of Monroe Capital Corporation in a research report on Wednesday. JMP Securities restated a “buy” rating on shares of Monroe Capital Corporation in a research report on Wednesday. FBR & Co restated a “buy” rating on shares of Monroe Capital Corporation in a research report on Wednesday, July 20th. Finally, Wunderlich raised their target price on Monroe Capital Corporation from $15.50 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Monroe Capital Corporation currently has an average rating of “Buy” and an average target price of $17.10.

Analyst Recommendations for Monroe Capital Corporation (NASDAQ:MRCC)

Shares of Monroe Capital Corporation (NASDAQ:MRCC) opened at 14.62 on Wednesday. Monroe Capital Corporation has a 12 month low of $10.02 and a 12 month high of $16.37. The firm’s 50-day moving average price is $15.03 and its 200-day moving average price is $15.00.

Monroe Capital Corporation (NASDAQ:MRCC) last released its quarterly earnings data 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 net margin of 47.93% and a return on equity of 11.86%. On average, equities analysts forecast that Monroe Capital Corporation will post $1.67 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Monroe Capital Corporation by 163.1% in the second quarter. Janney Montgomery Scott LLC now owns 331,980 shares of the company’s stock valued at $4,924,000 after buying an additional 205,779 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in Monroe Capital Corporation by 80.0% in the third quarter. Muzinich & Co. Inc. now owns 301,643 shares of the company’s stock valued at $4,745,000 after buying an additional 134,055 shares during the last quarter. Homrich & Berg purchased a new stake in Monroe Capital Corporation during the second quarter valued at about $1,825,000. Nuveen Fund Advisors LLC bought a new position in shares of Monroe Capital Corporation during the second quarter valued at $932,000. Finally, BlackRock Group LTD bought a new position in shares of Monroe Capital Corporation during the first quarter valued at $834,000. Institutional investors own 22.83% of the company’s stock.

Monroe Capital Corporation 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. 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.

5 Day Chart for NASDAQ:MRCC

Receive News & Stock Ratings for Monroe Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital Corporation and related stocks with our FREE daily email newsletter.