Monroe Capital (NASDAQ:MRCC) Price Target Lowered to $8.00 at Oppenheimer

Monroe Capital (NASDAQ:MRCC) had its target price reduced by equities research analysts at Oppenheimer from $9.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently 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 research firms have also recently issued reports on MRCC. B. Riley cut Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 target price for the company. in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Monroe Capital from a “buy” rating to a “hold” rating in a research report on Monday.

Monroe Capital Stock Performance

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

Institutional Investors Weigh In On Monroe Capital

Institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in shares of Monroe Capital in the third quarter valued at approximately $104,000. Garden State Investment Advisory Services LLC acquired a new stake in Monroe Capital during the 3rd quarter worth $210,000. Ritholtz Wealth Management grew its holdings in shares of Monroe Capital by 8.2% during the fourth quarter. Ritholtz Wealth Management now owns 36,882 shares of the financial services provider’s stock worth $313,000 after buying an additional 2,803 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Monroe Capital by 3.0% in the fourth quarter. HB Wealth Management LLC now owns 56,600 shares of the financial services provider’s stock worth $481,000 after buying an additional 1,650 shares in the last quarter. Finally, LaFleur & Godfrey LLC lifted its stake in Monroe Capital by 197.3% in the 4th quarter. LaFleur & Godfrey LLC now owns 64,810 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 43,010 shares in the last quarter.

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.