Monroe Capital Corp (MRCC) Given Average Recommendation of “Hold” by Analysts

Monroe Capital Corp (NASDAQ:MRCC) has received a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $12.83.

Several equities research analysts recently weighed in on the stock. National Securities reiterated a “buy” rating and set a $16.00 price objective on shares of Monroe Capital in a research note on Monday, September 10th. TheStreet upgraded shares of Monroe Capital from a “c” rating to a “b-” rating in a research note on Friday, August 31st. B. Riley set a $14.00 price objective on shares of Monroe Capital and gave the stock a “hold” rating in a research note on Friday, August 10th. BidaskClub upgraded shares of Monroe Capital from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Finally, ValuEngine upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th.

Several large investors have recently made changes to their positions in the business. Cliffwater LLC increased its stake in shares of Monroe Capital by 65.0% in the third quarter. Cliffwater LLC now owns 210,642 shares of the financial services provider’s stock valued at $2,858,000 after purchasing an additional 82,987 shares during the period. Rothschild Investment Corp IL increased its stake in shares of Monroe Capital by 15.0% in the third quarter. Rothschild Investment Corp IL now owns 107,150 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 14,000 shares during the period. BlackRock Inc. increased its stake in shares of Monroe Capital by 10.0% in the third quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 8,959 shares during the period. Stephens Inc. AR increased its stake in shares of Monroe Capital by 13.6% in the second quarter. Stephens Inc. AR now owns 97,547 shares of the financial services provider’s stock valued at $1,315,000 after purchasing an additional 11,653 shares during the period. Finally, WESPAC Advisors LLC increased its stake in shares of Monroe Capital by 72.1% in the third quarter. WESPAC Advisors LLC now owns 68,990 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 28,910 shares during the period. Institutional investors own 24.54% of the company’s stock.

MRCC traded down $0.04 on Monday, hitting $11.23. 135,542 shares of the company’s stock were exchanged, compared to its average volume of 167,384. The firm has a market cap of $230.41 million, a price-to-earnings ratio of 8.02 and a beta of 0.75. Monroe Capital has a twelve month low of $10.85 and a twelve month high of $14.65. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.86.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $13.78 million for the quarter, compared to analyst estimates of $15.36 million. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%. Research analysts anticipate that Monroe Capital will post 1.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 12.47%. Monroe Capital’s payout ratio is currently 100.00%.

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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Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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