Monroe Capital (NASDAQ:MRCC) Downgraded to “Hold” Rating by StockNews.com

Monroe Capital (NASDAQ:MRCC) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price on the stock. in a report on Wednesday.

Monroe Capital Price Performance

MRCC stock traded down $0.17 during midday trading on Wednesday, reaching $8.47. The stock had a trading volume of 90,810 shares, compared to its average volume of 62,174. The company’s fifty day simple moving average is $8.23 and its 200 day simple moving average is $7.87. The company has a market cap of $183.54 million, a price-to-earnings ratio of 14.12 and a beta of 1.04. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. Monroe Capital has a 52-week low of $6.77 and a 52-week high of $8.74.

Institutional Investors Weigh In On Monroe Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in Monroe Capital during the 2nd quarter worth approximately $76,000. Private Advisor Group LLC acquired a new position in shares of Monroe Capital during the third quarter worth about $104,000. Garden State Investment Advisory Services LLC purchased a new position in Monroe Capital during the third quarter worth about $210,000. Ritholtz Wealth Management lifted its position in Monroe Capital by 162.7% in the second quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 25,016 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in Monroe Capital by 6.7% in the second quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 3,356 shares during the period.

Monroe Capital Company Profile

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.