Opus Capital Group LLC lessened its holdings in Monroe Capital Corp (NASDAQ:MRCC) by 10.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,958 shares of the financial services provider’s stock after selling 13,541 shares during the period. Opus Capital Group LLC owned 0.60% of Monroe Capital worth $1,655,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Monroe Capital by 630.3% in the first quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 16,389 shares in the last quarter. North Star Investment Management Corp. bought a new position in Monroe Capital in the second quarter valued at approximately $323,000. Ashfield Capital Partners LLC bought a new position in Monroe Capital in the second quarter valued at approximately $279,000. Raymond James Financial Services Advisors Inc. bought a new position in Monroe Capital in the second quarter valued at approximately $192,000. Finally, Clear Harbor Asset Management LLC grew its stake in Monroe Capital by 11.1% in the second 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 in the last quarter. Institutional investors own 24.56% of the company’s stock.

A number of research firms have weighed in on MRCC. National Securities downgraded Monroe Capital from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.00 to $13.00 in a research note on Friday. Zacks Investment Research cut Monroe Capital from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley cut their price objective on Monroe Capital from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Thursday, November 8th. ValuEngine cut Monroe Capital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. Finally, Janney Montgomery Scott set a $13.00 price objective on Monroe Capital and gave the company a “buy” rating in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.38.

MRCC opened at $11.39 on Tuesday. Monroe Capital Corp has a 12-month low of $11.16 and a 12-month high of $14.65. The company has a market capitalization of $234.91 million, a PE ratio of 8.14 and a beta of 0.77. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.86.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. Monroe Capital had a return on equity of 11.44% and a net margin of 12.15%. The company had revenue of $13.78 million during the quarter, compared to analysts’ expectations of $15.36 million. As a group, equities research analysts anticipate that Monroe Capital Corp will post 1.54 earnings per share for the current fiscal year.

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Monroe Capital 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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Institutional Ownership by Quarter for Monroe Capital (NASDAQ:MRCC)

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