Monroe Capital (NASDAQ:MRCC) Rating Increased to Hold at Zacks Investment Research

Monroe Capital (NASDAQ:MRCCGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Monroe Capital Corporation is a non-diversified closed-end management investment 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 through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago. “

MRCC has been the topic of a number of other reports. TheStreet raised shares of Monroe Capital from a “c” rating to a “b-” rating in a research note on Friday, March 25th. StockNews.com initiated coverage on shares of Monroe Capital in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NASDAQ MRCC opened at $10.33 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.21 and a current ratio of 3.21. Monroe Capital has a 52-week low of $9.81 and a 52-week high of $11.85. The firm has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $10.87. The stock has a market cap of $223.81 million, a P/E ratio of 6.80 and a beta of 1.22.

Monroe Capital (NASDAQ:MRCCGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The financial services provider reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Monroe Capital had a net margin of 60.30% and a return on equity of 9.18%. The company had revenue of $13.04 million for the quarter, compared to analyst estimates of $13.36 million. During the same period in the prior year, the firm posted $0.25 EPS. Analysts predict that Monroe Capital will post 1.02 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of MRCC. U.S. Capital Wealth Advisors LLC bought a new position in Monroe Capital during the fourth quarter worth $650,000. Moors & Cabot Inc. bought a new position in Monroe Capital during the third quarter worth $52,000. Claybrook Capital LLC bought a new position in Monroe Capital during the third quarter worth $413,000. Virtus ETF Advisers LLC boosted its stake in Monroe Capital by 92.7% during the fourth quarter. Virtus ETF Advisers LLC now owns 58,680 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 28,223 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Monroe Capital during the fourth quarter worth $299,000. 19.07% of the stock is currently owned by institutional investors and hedge funds.

Monroe Capital Company Profile (Get Rating)

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.

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