ValuEngine lowered shares of Monroe Capital (NASDAQ:MRCC) from a buy rating to a hold rating in a report published on Wednesday morning.
MRCC has been the topic of a number of other reports. BidaskClub cut shares of Monroe Capital from a sell rating to a strong sell rating in a research note on Saturday, January 6th. National Securities reissued a buy rating and issued a $17.00 price objective on shares of Monroe Capital in a research note on Monday, November 13th. TheStreet raised shares of Monroe Capital from a c+ rating to a b rating in a research note on Monday, November 27th. Finally, Zacks Investment Research raised shares of Monroe Capital from a sell rating to a hold rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Monroe Capital has a consensus rating of Hold and a consensus target price of $16.50.
Shares of Monroe Capital (MRCC) traded up $0.21 during midday trading on Wednesday, reaching $13.00. 145,403 shares of the company were exchanged, compared to its average volume of 98,735. The firm has a market cap of $263.12, a PE ratio of 13.40 and a beta of 0.60. Monroe Capital has a 12-month low of $12.45 and a 12-month high of $16.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.01.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp acquired a new stake in Monroe Capital in the 3rd quarter valued at about $143,000. Citadel Advisors LLC acquired a new stake in Monroe Capital in the 3rd quarter valued at about $144,000. Palo Capital Inc. acquired a new stake in Monroe Capital in the 4th quarter valued at about $160,000. Spectrum Management Group Inc. acquired a new stake in Monroe Capital in the 3rd quarter valued at about $172,000. Finally, BB&T Securities LLC acquired a new stake in Monroe Capital in the 3rd quarter valued at about $192,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.
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Monroe Capital 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 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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