Monroe Capital (NASDAQ:MRCC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Separately, B. Riley cut Monroe Capital from a "neutral" rating to a "sell" rating and set a $7.25 price target on the stock. in a research report on Wednesday, December 11th.
Check Out Our Latest Report on MRCC
Monroe Capital Trading Up 0.4 %
Shares of MRCC traded up $0.03 during trading on Thursday, reaching $8.04. 27,984 shares of the company traded hands, compared to its average volume of 62,327. The stock has a 50-day simple moving average of $8.25 and a 200-day simple moving average of $7.90. Monroe Capital has a twelve month low of $6.77 and a twelve month high of $8.74. The stock has a market cap of $174.23 million, a PE ratio of 13.40 and a beta of 1.04. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MRCC. HB Wealth Management LLC increased its position in shares of 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 worth $406,000 after purchasing an additional 3,356 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Monroe Capital by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider's stock worth $1,051,000 after acquiring an additional 3,749 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Monroe Capital in the second quarter worth about $76,000. Private Advisor Group LLC acquired a new position in Monroe Capital during the third quarter worth about $104,000. Finally, Ritholtz Wealth Management boosted its holdings in Monroe Capital by 162.7% during the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 25,016 shares during the period.
About Monroe Capital
(
Get Free Report)
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.
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