BidaskClub Lowers Monroe Capital (MRCC) to Buy

Monroe Capital (NASDAQ:MRCC) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Several other equities analysts also recently commented on MRCC. ValuEngine downgraded shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. B. Riley began coverage on shares of Monroe Capital in a research note on Tuesday, March 27th. They issued a “neutral” rating and a $13.50 price objective for the company. TheStreet downgraded shares of Monroe Capital from a “b-” rating to a “c” rating in a research note on Wednesday, April 11th. Finally, National Securities reissued a “buy” rating and issued a $17.00 price objective on shares of Monroe Capital in a research note on Friday, March 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.50.

Shares of Monroe Capital opened at $13.75 on Friday, Marketbeat Ratings reports. The company has a market capitalization of $292.67 million, a P/E ratio of 9.82 and a beta of 0.62. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.86. Monroe Capital has a one year low of $12.18 and a one year high of $15.32.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The business had revenue of $14.95 million during the quarter, compared to the consensus estimate of $14.69 million. Monroe Capital had a net margin of 20.30% and a return on equity of 10.16%. research analysts forecast that Monroe Capital will post 1.53 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC raised its stake in shares of Monroe Capital by 68.0% during the first quarter. Freestone Capital Holdings LLC now owns 23,389 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 9,466 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Monroe Capital by 28.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 172,099 shares of the financial services provider’s stock valued at $2,117,000 after acquiring an additional 38,160 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Monroe Capital by 630.3% during the first 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. WESPAC Advisors LLC raised its stake in shares of Monroe Capital by 38.5% during the first quarter. WESPAC Advisors LLC now owns 64,925 shares of the financial services provider’s stock valued at $799,000 after acquiring an additional 18,042 shares during the last quarter. Finally, Resource America Inc. bought a new position in shares of Monroe Capital during the first quarter valued at $984,000. 26.26% of the stock is owned by hedge funds and other institutional investors.

About Monroe Capital

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.

Receive News & Ratings for Monroe Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

BidaskClub Lowers Monroe Capital  to Buy
BidaskClub Lowers Monroe Capital to Buy
Universal Display  Lowered to Strong Sell at BidaskClub
Universal Display Lowered to Strong Sell at BidaskClub
BidaskClub Lowers R1 RCM  to Buy
BidaskClub Lowers R1 RCM to Buy
BidaskClub Downgrades United Fire Group  to Buy
BidaskClub Downgrades United Fire Group to Buy
Zacks: Analysts Anticipate M&T Bank Co.  Will Announce Quarterly Sales of $1.46 Billion
Zacks: Analysts Anticipate M&T Bank Co. Will Announce Quarterly Sales of $1.46 Billion
Analysts Set Chico’s FAS, Inc.  Price Target at $9.77
Analysts Set Chico’s FAS, Inc. Price Target at $9.77


Leave a Reply

© 2006-2018 Ticker Report. Google+.