Monroe Capital (NASDAQ:MRCC) Given New $8.00 Price Target at Oppenheimer

Monroe Capital (NASDAQ:MRCC - Get Free Report) had its price objective decreased by research analysts at Oppenheimer from $9.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Oppenheimer's price target would suggest a potential downside of 1.96% from the stock's previous close.

A number of other research analysts have also weighed in on the stock. B. Riley lowered shares of Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price objective on the stock. in a research note on Wednesday, December 11th. StockNews.com cut shares of Monroe Capital from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Monroe Capital Stock Up 0.7 %

Shares of NASDAQ:MRCC traded up $0.06 during trading on Tuesday, reaching $8.16. 33,971 shares of the stock were exchanged, compared to its average volume of 54,306. Monroe Capital has a 1-year low of $6.97 and a 1-year high of $8.85. The stock has a fifty day moving average of $8.51 and a two-hundred day moving average of $8.26. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. The firm has a market cap of $176.79 million, a price-to-earnings ratio of 13.60 and a beta of 1.02.

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Institutional Trading of Monroe Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Monroe Capital by 13.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,688 shares of the financial services provider's stock worth $108,000 after purchasing an additional 1,486 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Monroe Capital by 2.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 67,060 shares of the financial services provider's stock valued at $570,000 after acquiring an additional 1,512 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Monroe Capital by 3.0% during the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 1,650 shares during the last quarter. Blair William & Co. IL increased its position in shares of Monroe Capital by 0.4% during the fourth quarter. Blair William & Co. IL now owns 428,187 shares of the financial services provider's stock valued at $3,640,000 after acquiring an additional 1,735 shares during the last quarter. Finally, Magnolia Capital Advisors LLC lifted its holdings in Monroe Capital by 1.9% during the fourth quarter. Magnolia Capital Advisors LLC now owns 102,555 shares of the financial services provider's stock worth $872,000 after acquiring an additional 1,916 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.