Analysts Set Monroe Capital (MRCC) Target Price at $15.50

Monroe Capital (NASDAQ:MRCC) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.50.

A number of equities analysts have commented on MRCC shares. National Securities restated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital in a research note on Monday, May 14th. Zacks Investment Research downgraded shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. BidaskClub downgraded shares of Monroe Capital from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. B. Riley started coverage on shares of Monroe Capital in a research note on Tuesday, March 27th. They set a “neutral” rating and a $13.50 price objective on the stock. Finally, ValuEngine downgraded shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.

In other Monroe Capital news, Chairman Theodore L. Koenig acquired 27,367 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average cost of $12.36 per share, for a total transaction of $338,256.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.



Large investors have recently bought and sold shares of the stock. Palo Capital Inc. purchased a new stake in Monroe Capital during the fourth quarter valued at approximately $160,000. JPMorgan Chase & Co. lifted its position in Monroe Capital by 630.3% during the first quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 16,389 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in Monroe Capital by 68.0% during the first quarter. Freestone Capital Holdings LLC now owns 23,389 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 9,466 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in Monroe Capital by 44.4% during the first quarter. Clear Harbor Asset Management LLC now owns 46,124 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 14,180 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Monroe Capital by 43.4% during the first quarter. Oppenheimer & Co. Inc. now owns 60,019 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 18,165 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Monroe Capital traded up $0.10, reaching $13.96, during mid-day trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 300 shares, compared to its average volume of 69,253. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market capitalization of $277.08 million, a P/E ratio of 9.96 and a beta of 0.59. Monroe Capital has a 12 month low of $12.18 and a 12 month high of $15.97.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Tuesday, May 8th. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. The business had revenue of $14.95 million for the quarter, compared to the consensus estimate of $14.69 million. Monroe Capital had a net margin of 20.30% and a return on equity of 10.16%. research analysts expect that Monroe Capital will post 1.52 EPS for the current fiscal year.

Monroe Capital Company Profile

Monroe Capital Corporation is a closed-end, non-diversified management investment company. The Company is a specialty finance 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 primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.

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