Zacks Investment Research upgraded shares of Monroe Capital Corporation (NASDAQ:MRCC) from a sell rating to a hold rating in a report published on Thursday.

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. “

Several other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Monroe Capital Corporation from a hold rating to a sell rating in a research report on Monday, July 17th. Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital Corporation from a neutral rating to a buy rating and set a $16.00 target price on the stock in a research report on Thursday, August 10th. National Securities restated a buy rating and set a $17.00 target price on shares of Monroe Capital Corporation in a research report on Monday, August 14th. Finally, TheStreet lowered shares of Monroe Capital Corporation from a b rating to a c+ rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $16.50.

Shares of Monroe Capital Corporation (NASDAQ MRCC) traded down $0.28 on Thursday, reaching $14.18. 163,300 shares of the company’s stock were exchanged, compared to its average volume of 99,736. Monroe Capital Corporation has a 1 year low of $13.32 and a 1 year high of $16.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $288.42, a PE ratio of 10.13 and a beta of 0.58.

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In other Monroe Capital Corporation news, Chairman Theodore L. Koenig acquired 21,800 shares of Monroe Capital Corporation stock in a transaction dated Thursday, September 7th. The stock was purchased at an average cost of $13.61 per share, for a total transaction of $296,698.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Liberty Capital Management Inc. bought a new position in shares of Monroe Capital Corporation during the second quarter valued at about $103,000. JPMorgan Chase & Co. bought a new stake in Monroe Capital Corporation in the second quarter worth about $114,000. KCG Holdings Inc. bought a new stake in Monroe Capital Corporation in the first quarter worth about $158,000. Citadel Advisors LLC bought a new stake in shares of Monroe Capital Corporation in the third quarter valued at approximately $144,000. Finally, Financial Counselors Inc. bought a new stake in shares of Monroe Capital Corporation in the second quarter valued at approximately $156,000. 27.95% of the stock is currently owned by institutional investors.

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 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 primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.

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