Monroe Capital (NASDAQ:MRCC) Downgraded by StockNews.com

Monroe Capital (NASDAQ:MRCC – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, TheStreet downgraded shares of Monroe Capital from a “b-” rating to a “c” rating in a research note on Wednesday, May 25th.

Monroe Capital Stock Performance

NASDAQ MRCC opened at $9.11 on Thursday. Monroe Capital has a 52-week low of $8.57 and a 52-week high of $11.85. The company has a 50-day simple moving average of $9.30 and a 200 day simple moving average of $10.15. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.15 and a current ratio of 2.48. The company has a market capitalization of $197.38 million, a PE ratio of 25.31 and a beta of 1.16.

Monroe Capital (NASDAQ:MRCC – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $12.49 million during the quarter, compared to the consensus estimate of $13.02 million. Monroe Capital had a net margin of 14.06% and a return on equity of 9.30%. On average, research analysts predict that Monroe Capital will post 1.01 EPS for the current year.

Hedge Funds Weigh In On Monroe Capital

A number of large investors have recently modified their holdings of MRCC. Commonwealth Equity Services LLC boosted its position in shares of Monroe Capital by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 126,470 shares of the financial services provider’s stock valued at $1,419,000 after acquiring an additional 922 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Monroe Capital by 12.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 225,285 shares of the financial services provider’s stock valued at $2,528,000 after acquiring an additional 24,781 shares during the period. GYL Financial Synergies LLC boosted its position in shares of Monroe Capital by 4.4% in the fourth quarter. GYL Financial Synergies LLC now owns 47,361 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 1,996 shares during the period. Raymond James & Associates boosted its position in shares of Monroe Capital by 4.6% in the fourth quarter. Raymond James & Associates now owns 34,435 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 1,520 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Monroe Capital in the fourth quarter valued at approximately $299,000. 19.07% of the stock is currently owned by institutional investors.

About Monroe Capital

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Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.