Monroe Capital (MRCC) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Monroe Capital (NASDAQ:MRCC) from a strong sell rating to a sell rating in a research note released on Thursday morning.

A number of other research firms have also recently commented on MRCC. Zacks Investment Research cut shares of Monroe Capital from a hold rating to a sell rating in a research report on Wednesday, March 21st. TheStreet raised shares of Monroe Capital from a c+ rating to a b rating in a research report on Monday, November 27th. ValuEngine cut shares of Monroe Capital from a buy rating to a hold rating in a research report on Wednesday, March 7th. Finally, National Securities reaffirmed a buy rating and issued a $17.00 target price on shares of Monroe Capital in a research report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $16.50.

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Monroe Capital stock opened at $12.50 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.80. The firm has a market cap of $253.00, a PE ratio of 19.84 and a beta of 0.60. Monroe Capital has a 1 year low of $12.18 and a 1 year high of $16.20.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Wednesday, March 14th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Monroe Capital had a net margin of 23.78% and a return on equity of 9.58%. The firm had revenue of $13.36 million for the quarter, compared to analysts’ expectations of $13.35 million. analysts expect that Monroe Capital will post 1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.35 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.40 dividend on an annualized basis and a yield of 11.20%. Monroe Capital’s payout ratio is currently 222.23%.

In related news, Chairman Theodore L. Koenig bought 27,367 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were bought at an average price of $12.36 per share, with a total value of $338,256.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Stifel Financial Corp purchased a new stake in Monroe Capital during the third quarter worth about $143,000. Citadel Advisors LLC purchased a new stake in Monroe Capital during the third quarter worth about $144,000. Palo Capital Inc. purchased a new stake in Monroe Capital during the fourth quarter worth about $160,000. BB&T Securities LLC purchased a new stake in Monroe Capital during the third quarter worth about $192,000. Finally, Magnetar Financial LLC purchased a new stake in Monroe Capital during the third quarter worth about $397,000. Institutional investors own 27.71% of the company’s stock.

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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.

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