Monroe Capital Corporation (NASDAQ:MRCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

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. “

Several other brokerages have also recently issued reports on MRCC. BidaskClub upgraded shares of Monroe Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. National Securities restated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a report on Monday, August 14th. TheStreet cut shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Monroe Capital Corporation has a consensus rating of “Hold” and an average target price of $16.50.

Shares of Monroe Capital Corporation (MRCC) opened at 14.19 on Wednesday. Monroe Capital Corporation has a 12-month low of $13.32 and a 12-month high of $16.20. The company has a 50 day moving average of $13.89 and a 200-day moving average of $14.93.

Monroe Capital Corporation (NASDAQ:MRCC) last issued its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Monroe Capital Corporation had a return on equity of 9.39% and a net margin of 31.60%. The company had revenue of $12.27 million during the quarter, compared to analysts’ expectations of $12.40 million. Analysts predict that Monroe Capital Corporation will post $1.40 earnings per share for the current year.

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In other Monroe Capital Corporation news, Chairman Theodore L. Koenig purchased 21,800 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of $13.61 per share, for a total transaction of $296,698.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Several institutional investors have recently modified their holdings of MRCC. Liberty Capital Management Inc. purchased a new position in shares of Monroe Capital Corporation during the 2nd quarter worth $103,000. JPMorgan Chase & Co. purchased a new position in shares of Monroe Capital Corporation during the 2nd quarter worth $114,000. Financial Counselors Inc. purchased a new position in shares of Monroe Capital Corporation during the 2nd quarter worth $156,000. KCG Holdings Inc. purchased a new position in shares of Monroe Capital Corporation during the 1st quarter worth $158,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Monroe Capital Corporation during the 2nd quarter worth $225,000. Institutional investors and hedge funds own 28.93% of the company’s stock.

About Monroe Capital Corporation

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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Analyst Recommendations for Monroe Capital Corporation (NASDAQ:MRCC)

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