Monroe Capital (NASDAQ:MRCC) Upgraded by StockNews.com to Buy Rating

Monroe Capital (NASDAQ:MRCC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, B. Riley cut shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target for the company. in a research report on Wednesday, December 11th.

Monroe Capital Stock Down 2.4 %

MRCC stock opened at $8.01 on Thursday. The company’s 50 day moving average is $8.25 and its two-hundred day moving average is $7.90. Monroe Capital has a twelve month low of $6.77 and a twelve month high of $8.74. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.49. The stock has a market cap of $173.58 million, a P/E ratio of 13.35 and a beta of 1.04.

Hedge Funds Weigh In On Monroe Capital

Hedge funds have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in Monroe Capital in the second quarter valued at $76,000. Private Advisor Group LLC acquired a new position in Monroe Capital in the 3rd quarter valued at about $104,000. Garden State Investment Advisory Services LLC acquired a new position in Monroe Capital in the 3rd quarter valued at about $210,000. Ritholtz Wealth Management raised its stake 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 last quarter. Finally, HB Wealth Management LLC lifted its position in Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 3,356 shares during the period.

About Monroe Capital

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.