Monroe Capital (NASDAQ:MRCC) Lowered to Hold Rating by StockNews.com

Monroe Capital (NASDAQ:MRCC) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Separately, B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th.

Monroe Capital Trading Down 3.3 %

Shares of NASDAQ:MRCC traded down $0.29 during midday trading on Monday, hitting $8.52. The company had a trading volume of 141,511 shares, compared to its average volume of 50,933. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. Monroe Capital has a 12 month low of $6.97 and a 12 month high of $8.85. The firm has a fifty day simple moving average of $8.50 and a 200 day simple moving average of $8.25. The stock has a market cap of $184.59 million, a price-to-earnings ratio of 14.20 and a beta of 1.03.

Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Monday, March 3rd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. Monroe Capital had a return on equity of 12.14% and a net margin of 20.97%. On average, analysts predict that Monroe Capital will post 1.14 EPS for the current year.

Institutional Investors Weigh In On Monroe Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in MRCC. CIBC Private Wealth Group LLC raised its stake in shares of Monroe Capital by 166.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 10,854 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 6,773 shares during the period. Private Advisor Group LLC acquired a new stake in Monroe Capital in the 3rd quarter valued at approximately $104,000. Envestnet Asset Management Inc. raised its position in Monroe Capital by 13.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock valued at $108,000 after buying an additional 1,486 shares during the last quarter. Aspiriant LLC lifted its stake in Monroe Capital by 18.2% in the 4th quarter. Aspiriant LLC now owns 13,000 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Monroe Capital during the 4th quarter worth approximately $144,000.

About Monroe Capital

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.