Monroe Capital (MRCC) Cut to “Market Perform” at Raymond James

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Raymond James lowered shares of Monroe Capital (NASDAQ:MRCC) from an outperform rating to a market perform rating in a research report released on Wednesday morning, Marketbeat reports.

A number of other brokerages also recently weighed in on MRCC. ValuEngine raised shares of Monroe Capital from a sell rating to a hold rating in a research report on Wednesday, September 12th. BidaskClub raised shares of Monroe Capital from a hold rating to a buy rating in a research report on Thursday, September 13th. National Securities lowered their price objective on shares of Monroe Capital from $17.00 to $16.00 and set a buy rating for the company in a research report on Monday, August 13th. B. Riley set a $14.00 price objective on shares of Monroe Capital and gave the company a hold rating in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Monroe Capital from a hold rating to a buy rating and set a $15.00 target price for the company in a research report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $13.38.

Shares of NASDAQ:MRCC traded down $0.19 during trading on Wednesday, reaching $11.49. 232,529 shares of the company’s stock traded hands, compared to its average volume of 131,344. The company has a quick ratio of 2.08, a current ratio of 3.01 and a debt-to-equity ratio of 0.86. Monroe Capital has a 12 month low of $11.16 and a 12 month high of $14.65. The company has a market cap of $236.54 million, a PE ratio of 7.71 and a beta of 0.77.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Monroe Capital had a net margin of 12.16% and a return on equity of 8.24%. The business had revenue of $13.78 million during the quarter, compared to the consensus estimate of $15.36 million. As a group, research analysts forecast that Monroe Capital will post 1.54 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rothschild Investment Corp IL grew its position in Monroe Capital by 15.0% in the 3rd quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock worth $1,454,000 after purchasing an additional 14,000 shares during the last quarter. Clear Harbor Asset Management LLC grew its position in Monroe Capital by 11.1% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 51,249 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 5,125 shares during the last quarter. Palo Capital Inc. bought a new position in Monroe Capital in the 2nd quarter worth about $166,000. Ashfield Capital Partners LLC grew its position in Monroe Capital by 31.3% in the 3rd quarter. Ashfield Capital Partners LLC now owns 27,133 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 6,461 shares during the last quarter. Finally, BB&T Securities LLC grew its position in Monroe Capital by 62.3% in the 2nd quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 7,440 shares during the last quarter. Hedge funds and other institutional investors own 24.55% of the company’s stock.

About Monroe Capital

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: Cash Flow

Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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