BidaskClub upgraded shares of Monroe Capital (NASDAQ:MRCC) from a sell rating to a hold rating in a report published on Thursday morning.

A number of other research firms also recently commented on MRCC. National Securities reiterated a buy rating and set a $17.00 target price on shares of Monroe Capital in a research report on Monday, May 14th. Zacks Investment Research cut Monroe Capital from a buy rating to a hold rating in a report on Thursday, July 26th. ValuEngine raised Monroe Capital from a sell rating to a hold rating in a report on Wednesday, May 23rd. Finally, TheStreet cut Monroe Capital from a b- rating to a c rating in a report on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $15.33.

Shares of Monroe Capital traded down $0.03, reaching $13.73, during trading on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 91,599 shares, compared to its average volume of 86,576. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.08 and a quick ratio of 2.78. The company has a market cap of $281.32 million, a PE ratio of 9.81 and a beta of 0.69. Monroe Capital has a 12-month low of $12.18 and a 12-month high of $14.80.

Monroe Capital (NASDAQ:MRCC) last posted its earnings results on Tuesday, August 7th. The financial services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $14.82 million for the quarter, compared to the consensus estimate of $15.31 million. Monroe Capital had a return on equity of 10.95% and a net margin of 25.14%. equities research analysts anticipate that Monroe Capital will post 1.54 EPS for the current fiscal year.

In related news, Director Jeffrey A. Golman purchased 8,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The stock was bought at an average cost of $13.62 per share, with a total value of $108,960.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $136,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Palo Capital Inc. acquired a new position in Monroe Capital in the second quarter valued at $166,000. Raymond James Financial Services Advisors Inc. acquired a new position in Monroe Capital in the second quarter valued at $192,000. JPMorgan Chase & Co. increased its stake in Monroe Capital by 630.3% in the first quarter. JPMorgan Chase & Co. now owns 18,989 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 16,389 shares during the last quarter. Ashfield Capital Partners LLC acquired a new position in Monroe Capital in the second quarter valued at $279,000. Finally, Freestone Capital Holdings LLC increased its stake in Monroe Capital by 68.0% in the first quarter. Freestone Capital Holdings LLC now owns 23,389 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 9,466 shares during the last quarter. 26.50% of the stock is owned by 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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