Monroe Capital Corporation (NASDAQ:MRCC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

A number of other analysts have also commented on the stock. TheStreet lowered shares of Monroe Capital Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 25th. National Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Monroe Capital Corporation in a research note on Monday, August 14th. BidaskClub lowered shares of Monroe Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services raised shares of Monroe Capital Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.50.

Shares of Monroe Capital Corporation (NASDAQ MRCC) opened at 14.19 on Wednesday. Monroe Capital Corporation has a one year low of $13.32 and a one year high of $16.20. The stock’s 50 day moving average is $13.89 and its 200-day moving average is $14.93.

Monroe Capital Corporation (NASDAQ:MRCC) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $12.40 million. Equities analysts expect that Monroe Capital Corporation will post $1.40 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Monroe Capital Corporation (MRCC) Rating Lowered to Sell at Zacks Investment Research” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/10/11/monroe-capital-corporation-mrcc-rating-lowered-to-sell-at-zacks-investment-research.html.

In other Monroe Capital Corporation news, Chairman Theodore L. Koenig bought 21,800 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of $13.61 per share, for a total transaction of $296,698.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Liberty Capital Management Inc. acquired a new position in shares of Monroe Capital Corporation in the 2nd quarter valued at about $103,000. JPMorgan Chase & Co. acquired a new position in shares of Monroe Capital Corporation in the 2nd quarter valued at about $114,000. Financial Counselors Inc. acquired a new position in shares of Monroe Capital Corporation in the 2nd quarter valued at about $156,000. KCG Holdings Inc. acquired a new position in shares of Monroe Capital Corporation in the 1st quarter valued at about $158,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Monroe Capital Corporation in the 2nd quarter valued at about $225,000. Institutional investors 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.

Analyst Recommendations for Monroe Capital Corporation (NASDAQ:MRCC)

Receive News & Ratings for Monroe Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monroe Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.