JMP Securities downgraded shares of Monroe Capital (NASDAQ:MRCC) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, Marketbeat reports.

MRCC has been the topic of a number of other reports. BidaskClub upgraded shares of Monroe Capital from a sell rating to a hold rating in a research note on Friday, September 7th. B. Riley set a $14.00 target price on shares of Monroe Capital and gave the company a hold rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Monroe Capital from a hold rating to a buy rating and set a $15.00 target price on the stock in a research note on Wednesday, July 11th. ValuEngine lowered shares of Monroe Capital from a hold rating to a sell rating in a research note on Tuesday, October 2nd. Finally, TheStreet upgraded shares of Monroe Capital from a c rating to a b- rating in a research note on Friday, August 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $13.38.

NASDAQ:MRCC traded down $0.19 during midday trading on Wednesday, reaching $11.49. The stock had a trading volume of 232,529 shares, compared to its average volume of 131,344. Monroe Capital has a 1-year low of $11.16 and a 1-year high of $14.65. The company has a current ratio of 3.01, a quick ratio of 2.08 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $236.54 million, a PE ratio of 7.71 and a beta of 0.77.

Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Monroe Capital had a net margin of 12.16% and a return on equity of 8.24%. The business had revenue of $13.78 million for the quarter, compared to analyst estimates of $15.36 million. As a group, analysts anticipate that Monroe Capital will post 1.54 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Clear Harbor Asset Management LLC boosted its holdings in Monroe Capital by 11.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 51,249 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 5,125 shares during the period. Ashfield Capital Partners LLC boosted its holdings in Monroe Capital by 31.3% in the 3rd quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 6,461 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Monroe Capital by 11.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 6,858 shares during the period. BB&T Securities LLC boosted its holdings in Monroe Capital by 62.3% in the 2nd quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 7,440 shares during the period. Finally, BlackRock Inc. boosted its holdings in Monroe Capital by 10.0% in the 3rd quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 8,959 shares during the period. 24.55% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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