Janney Montgomery Scott set a $13.00 price objective on Monroe Capital (NASDAQ:MRCC) in a report released on Wednesday. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. National Securities restated a buy rating and set a $16.00 price target on shares of Monroe Capital in a research note on Monday, September 10th. BidaskClub lowered Monroe Capital from a hold rating to a sell rating in a research note on Wednesday, August 22nd. Zacks Investment Research lowered Monroe Capital from a buy rating to a hold rating in a research note on Thursday, July 26th. Raymond James lowered Monroe Capital from an outperform rating to a market perform rating in a research note on Wednesday. Finally, JMP Securities lowered Monroe Capital from an outperform rating to a market perform rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $13.38.

NASDAQ MRCC opened at $11.49 on Wednesday. Monroe Capital has a twelve month low of $11.16 and a twelve month high of $14.65. The company has a quick ratio of 2.08, a current ratio of 3.01 and a debt-to-equity ratio of 0.86. The stock has a market cap of $238.79 million, a P/E ratio of 7.58 and a beta of 0.77.

Monroe Capital (NASDAQ:MRCC) last posted 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. Monroe Capital had a return on equity of 11.44% and a net margin of 12.15%. The business had revenue of $13.78 million during the quarter, compared to analysts’ expectations of $15.36 million. As a group, analysts expect that Monroe Capital will post 1.54 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Monroe Capital by 10.0% during the third quarter. BlackRock Inc. now owns 98,961 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 8,959 shares during the period. Cliffwater LLC increased its stake in Monroe Capital by 65.0% during the third quarter. Cliffwater LLC now owns 210,642 shares of the financial services provider’s stock valued at $2,858,000 after acquiring an additional 82,987 shares during the period. WESPAC Advisors LLC grew its stake in shares of Monroe Capital by 72.1% in the 3rd 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. Ashfield Capital Partners LLC grew its stake in shares of 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 valued at $368,000 after purchasing an additional 6,461 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Monroe Capital by 11.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 68,108 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 6,858 shares during the period. 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.

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Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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