Monroe Capital (NASDAQ:MRCC) Price Target Cut to $8.00 by Analysts at Oppenheimer

Monroe Capital (NASDAQ:MRCC) had its price objective dropped by investment analysts at Oppenheimer from $9.00 to $8.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Oppenheimer’s target price points to a potential downside of 2.38% from the company’s current price.

Several other equities research analysts have also weighed in on the company. B. Riley lowered Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price for the company. in a report on Wednesday, December 11th. StockNews.com downgraded shares of Monroe Capital from a “buy” rating to a “hold” rating in a report on Monday.

Monroe Capital Trading Down 3.8 %

Shares of MRCC stock traded down $0.33 during trading hours on Tuesday, reaching $8.20. 50,658 shares of the stock traded hands, compared to its average volume of 50,341. The business has a fifty day moving average price of $8.51 and a 200 day moving average price of $8.25. The firm has a market capitalization of $177.55 million, a PE ratio of 13.66 and a beta of 1.03. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. Monroe Capital has a 1-year low of $6.97 and a 1-year high of $8.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its position in Monroe Capital by 308.3% during the fourth quarter. Sunbelt Securities Inc. now owns 47,118 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 35,578 shares during the last quarter. Two Sigma Investments LP lifted its stake in Monroe Capital by 6.0% in the fourth quarter. Two Sigma Investments LP now owns 134,924 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 7,652 shares during the last quarter. Two Sigma Advisers LP boosted its position in Monroe Capital by 13.7% during the fourth quarter. Two Sigma Advisers LP now owns 181,700 shares of the financial services provider’s stock worth $1,544,000 after purchasing an additional 21,900 shares during the period. Millennium Management LLC grew its position in shares of Monroe Capital by 71.3% in the fourth quarter. Millennium Management LLC now owns 50,915 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 21,199 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Monroe Capital in the fourth quarter worth $322,000.

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.