Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Monroe Capital from a hold rating to a buy rating and set a $14.00 target price on the stock in a research report on Tuesday, March 12th. ValuEngine upgraded shares of Monroe Capital from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, National Securities restated a neutral rating and set a $13.00 target price on shares of Monroe Capital in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Monroe Capital has a consensus rating of Hold and a consensus target price of $13.13.
Shares of Monroe Capital stock opened at $12.39 on Friday. The company has a market capitalization of $251.88 million, a price-to-earnings ratio of 7.89 and a beta of 1.14. Monroe Capital has a 52 week low of $9.10 and a 52 week high of $14.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.49 and a current ratio of 3.49.
Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings results on Tuesday, March 5th. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $14.84 million for the quarter, compared to analyst estimates of $14.58 million. Monroe Capital had a net margin of 10.02% and a return on equity of 11.96%. Analysts anticipate that Monroe Capital will post 1.5 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in MRCC. Capital Investment Advisory Services LLC purchased a new position in shares of Monroe Capital during the fourth quarter worth approximately $27,000. Quad Cities Investment Group LLC grew its position in shares of Monroe Capital by 3,000.0% during the first quarter. Quad Cities Investment Group LLC now owns 3,100 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 3,000 shares during the last quarter. CFO4Life Group LLC purchased a new position in shares of Monroe Capital during the fourth quarter worth approximately $112,000. First Allied Advisory Services Inc. purchased a new position in shares of Monroe Capital during the first quarter worth approximately $141,000. Finally, Raymond James & Associates lifted its holdings in shares of Monroe Capital by 14.0% during the first quarter. Raymond James & Associates now owns 14,682 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 1,806 shares during the period. Institutional investors and hedge funds own 24.81% of the company’s stock.
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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