Monroe Capital (MRCC) Stock Rating Lowered by Raymond James

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Monroe Capital (NASDAQ:MRCC) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Wednesday, The Fly reports.

Other research analysts have also issued research reports about the company. TheStreet raised Monroe Capital from a “c” rating to a “b-” rating in a report on Friday, August 31st. Zacks Investment Research raised Monroe Capital from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, July 11th. National Securities reduced their target price on Monroe Capital from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 13th. BidaskClub raised Monroe Capital from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Finally, ValuEngine raised Monroe Capital from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.

MRCC stock opened at $12.61 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.87. The stock has a market cap of $258.21 million, a price-to-earnings ratio of 9.01 and a beta of 0.77. Monroe Capital has a twelve month low of $12.18 and a twelve month high of $14.65.

Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, August 7th. The financial services provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $14.82 million during the quarter, compared to analyst estimates of $15.31 million. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%. Sell-side analysts expect that Monroe Capital will post 1.54 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of MRCC. WESPAC Advisors LLC boosted its position in shares of Monroe Capital by 72.1% during the 3rd quarter. WESPAC Advisors LLC now owns 68,990 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 28,910 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Monroe Capital during the 2nd quarter valued at about $323,000. Ashfield Capital Partners LLC bought a new stake in shares of Monroe Capital during the 2nd quarter valued at about $279,000. JPMorgan Chase & Co. boosted its position in shares of Monroe Capital by 630.3% during the 1st quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 16,389 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Monroe Capital during the 2nd quarter valued at about $192,000. Hedge funds and other institutional investors own 24.55% of the company’s stock.

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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