Zacks Investment Research upgraded shares of Monroe Capital Corporation (NASDAQ:MRCC) from a sell rating to a hold rating in a report released on Thursday.

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. “

Other equities analysts have also issued reports about the stock. National Securities reaffirmed a buy rating and set a $17.00 target price on shares of Monroe Capital Corporation in a research report on Monday, August 14th. Ladenburg Thalmann Financial Services raised shares of Monroe Capital Corporation from a neutral rating to a buy rating and set a $16.00 target price on the stock in a research report on Thursday, August 10th. TheStreet lowered shares of Monroe Capital Corporation from a b rating to a c+ rating in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Monroe Capital Corporation from a sell rating to a hold rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $16.50.

Monroe Capital Corporation (NASDAQ MRCC) traded down $0.28 during trading on Thursday, reaching $14.18. 163,300 shares of the company were exchanged, compared to its average volume of 99,736. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 3.19. Monroe Capital Corporation has a 12 month low of $13.32 and a 12 month high of $16.20. The stock has a market cap of $292.67, a price-to-earnings ratio of 10.33 and a beta of 0.58.

Monroe Capital Corporation (NASDAQ:MRCC) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The firm had revenue of $12.27 million during the quarter, compared to analysts’ expectations of $12.40 million. Monroe Capital Corporation had a return on equity of 9.47% and a net margin of 35.62%. equities analysts predict that Monroe Capital Corporation will post 1.39 EPS for the current year.

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In related news, Chairman Theodore L. Koenig bought 21,800 shares of Monroe Capital Corporation stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of $13.61 per share, with a total value of $296,698.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verity Asset Management Inc. bought a new position in shares of Monroe Capital Corporation during the second quarter valued at approximately $329,000. Bank of Montreal Can bought a new position in shares of Monroe Capital Corporation during the second quarter valued at approximately $1,218,000. Wells Fargo & Company MN boosted its stake in shares of Monroe Capital Corporation by 41.7% during the first quarter. Wells Fargo & Company MN now owns 17,000 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 4,999 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Monroe Capital Corporation by 20.3% during the second quarter. North Star Investment Management Corp. now owns 22,500 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Monroe Capital Corporation by 14.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 462,399 shares of the financial services provider’s stock valued at $6,616,000 after purchasing an additional 59,617 shares in the last quarter. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Monroe Capital Corporation 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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