TheStreet downgraded shares of Monroe Capital (NASDAQ:MRCC) from a b- rating to a c rating in a research note released on Friday morning.

A number of other analysts have also issued reports on the stock. National Securities lowered shares of Monroe Capital from a buy rating to a neutral rating and dropped their price target for the stock from $16.00 to $13.00 in a research note on Friday, November 9th. Zacks Investment Research lowered shares of Monroe Capital from a hold rating to a sell rating in a research note on Friday, November 9th. B. Riley decreased their price objective on shares of Monroe Capital from $13.50 to $12.50 and set a neutral rating for the company in a report on Thursday, November 8th. ValuEngine downgraded shares of Monroe Capital from a sell rating to a strong sell rating in a report on Wednesday, November 7th. Finally, Janney Montgomery Scott set a $13.00 price objective on shares of Monroe Capital and gave the stock a buy rating in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Monroe Capital presently has a consensus rating of Hold and an average price target of $13.38.

Shares of NASDAQ:MRCC opened at $11.18 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $226.32 million, a P/E ratio of 7.99 and a beta of 0.77. Monroe Capital has a 12-month low of $10.85 and a 12-month high of $14.65.

Monroe Capital (NASDAQ:MRCC) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $13.78 million during the quarter, compared to analyst estimates of $15.36 million. Monroe Capital had a net margin of 12.15% and a return on equity of 11.44%. Equities research analysts predict that Monroe Capital will post 1.55 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. acquired a new position in Monroe Capital in the second quarter worth $192,000. JPMorgan Chase & Co. boosted its holdings 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 worth $234,000 after purchasing an additional 16,389 shares during the period. BB&T Securities LLC boosted its holdings in Monroe Capital by 62.3% in the second quarter. BB&T Securities LLC now owns 19,390 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 7,440 shares during the period. Ashfield Capital Partners LLC acquired a new position in Monroe Capital in the second quarter worth $279,000. Finally, Mackenzie Financial Corp boosted its holdings in Monroe Capital by 73.1% in the third quarter. Mackenzie Financial Corp now owns 36,387 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 15,369 shares during the period. 23.64% of the stock is owned by hedge funds and other 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.

See Also: What is Liquidity?

Analyst Recommendations for Monroe Capital (NASDAQ:MRCC)

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