Monroe Capital (NASDAQ:MRCC) PT Lowered to $11.00 at B. Riley

Monroe Capital (NASDAQ:MRCC) had its price objective decreased by B. Riley from $12.00 to $11.00 in a report released on Monday, BenzingaRatingsTable reports. B. Riley currently has a neutral rating on the financial services provider’s stock. B. Riley also issued estimates for Monroe Capital’s Q4 2019 earnings at $0.35 EPS, Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.35 EPS, Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.40 EPS, Q1 2021 earnings at $0.35 EPS, Q2 2021 earnings at $0.35 EPS, Q3 2021 earnings at $0.35 EPS, Q4 2021 earnings at $0.35 EPS and FY2021 earnings at $1.40 EPS.

Other analysts have also issued reports about the company. ValuEngine raised Monroe Capital from a sell rating to a hold rating in a research note on Tuesday, January 7th. Zacks Investment Research lowered Monroe Capital from a hold rating to a sell rating in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus target price of $12.67.

NASDAQ:MRCC opened at $11.72 on Monday. The stock’s 50-day simple moving average is $11.19 and its 200 day simple moving average is $10.92. The firm has a market capitalization of $238.79 million, a PE ratio of 7.46 and a beta of 1.15. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 1.71. Monroe Capital has a twelve month low of $9.87 and a twelve month high of $13.38.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $17.33 million for the quarter, compared to analyst estimates of $17.60 million. Monroe Capital had a return on equity of 11.38% and a net margin of 24.99%. On average, analysts anticipate that Monroe Capital will post 1.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.95%. The ex-dividend date of this dividend was Friday, December 13th. Monroe Capital’s payout ratio is 89.17%.

Several hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of Monroe Capital during the third quarter valued at about $121,000. First Allied Advisory Services Inc. boosted its stake in shares of Monroe Capital by 61.4% during the third quarter. First Allied Advisory Services Inc. now owns 35,919 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 13,671 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Monroe Capital by 18.0% during the third quarter. Envestnet Asset Management Inc. now owns 55,385 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 8,452 shares in the last quarter. Breiter Capital Management Inc. boosted its stake in shares of Monroe Capital by 13.1% during the third quarter. Breiter Capital Management Inc. now owns 11,829 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,373 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Monroe Capital by 20.1% during the third quarter. CIBC Private Wealth Group LLC now owns 17,176 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,880 shares in the last quarter. 22.99% of the stock is currently owned by hedge funds and other institutional investors.

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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