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. “
A number of other analysts have also weighed in on the stock. National Securities restated a “buy” rating and set a $35.00 target price on shares of Calyxt in a research note on Thursday, May 9th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, BidaskClub upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.13.
MRCC stock opened at $11.28 on Tuesday. The stock’s 50 day moving average price is $11.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 3.73 and a quick ratio of 3.73. Monroe Capital has a fifty-two week low of $9.10 and a fifty-two week high of $14.05. The stock has a market capitalization of $232.66 million, a price-to-earnings ratio of 7.18 and a beta of 1.12.
Monroe Capital (NASDAQ:MRCC) last released its earnings results on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). Monroe Capital had a return on equity of 11.59% and a net margin of 19.97%. The firm had revenue of $16.16 million for the quarter, compared to analysts’ expectations of $16.58 million. As a group, sell-side analysts forecast that Monroe Capital will post 1.44 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in MRCC. Quad Cities Investment Group LLC lifted its position in Monroe Capital by 164.1% during the 2nd quarter. Quad Cities Investment Group LLC now owns 8,187 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 5,087 shares in the last quarter. Rothschild Investment Corp IL lifted its position in Monroe Capital by 10.2% during the 2nd quarter. Rothschild Investment Corp IL now owns 85,341 shares of the financial services provider’s stock worth $985,000 after acquiring an additional 7,891 shares in the last quarter. GYL Financial Synergies LLC acquired a new position in Monroe Capital during the 1st quarter worth approximately $272,000. Marshall Wace North America L.P. acquired a new position in Monroe Capital during the 1st quarter worth approximately $251,000. Finally, Alera Investment Advisors LLC lifted its position in Monroe Capital by 45.0% during the 1st quarter. Alera Investment Advisors LLC now owns 4,721 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 1,466 shares in the last quarter. Institutional investors own 21.61% 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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