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

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. “

MRCC has been the subject of several other research reports. Ladenburg Thalmann Financial Services upgraded shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, August 10th. BidaskClub downgraded shares of Monroe Capital Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, National Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Monroe Capital Corporation in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.90.

Shares of Monroe Capital Corporation (NASDAQ MRCC) opened at 14.36 on Tuesday. The company has a 50 day moving average price of $14.88 and a 200-day moving average price of $15.43. Monroe Capital Corporation has a one year low of $13.60 and a one year high of $16.37.

Monroe Capital Corporation (NASDAQ:MRCC) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Monroe Capital Corporation had a net margin of 31.60% and a return on equity of 9.39%. The company had revenue of $12.27 million during the quarter, compared to analyst estimates of $12.40 million. Equities analysts expect that Monroe Capital Corporation will post $1.42 earnings per share for the current fiscal year.

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In other Monroe Capital Corporation news, Chairman Theodore L. Koenig purchased 16,697 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was bought at an average price of $14.95 per share, with a total value of $249,620.15. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Steele purchased 6,425 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was acquired at an average cost of $15.00 per share, with a total value of $96,375.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at $270,000. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Muzinich & Co. Inc. boosted its position in shares of Monroe Capital Corporation by 54.5% in the first quarter. Muzinich & Co. Inc. now owns 674,942 shares of the financial services provider’s stock valued at $10,617,000 after buying an additional 238,038 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Monroe Capital Corporation by 90.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,758 shares of the financial services provider’s stock valued at $5,737,000 after buying an additional 173,280 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of Monroe Capital Corporation during the first quarter valued at approximately $1,995,000. Bank of Montreal Can acquired a new position in shares of Monroe Capital Corporation during the second quarter valued at approximately $1,218,000. Finally, UBS Group AG boosted its position in shares of Monroe Capital Corporation by 22.0% in the first quarter. UBS Group AG now owns 416,955 shares of the financial services provider’s stock valued at $6,558,000 after buying an additional 75,249 shares in the last quarter. 26.70% of the stock is owned by institutional investors.

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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