Monroe Capital (NASDAQ:MRCC) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Monroe Capital's stock has been given a "hold (C-)" rating by Weiss Ratings, indicating a neutral stance on its investment outlook.
• The company's latest earnings report revealed an EPS of $0.15, which missed expectations of $0.21, resulting in a net margin of 3.74%.
• Institutional investors have shown increased interest in Monroe Capital, with Magnolia Capital Advisors upping its stake by 6.7% in the last quarter.

Monroe Capital (NASDAQ:MRCC - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Monroe Capital Stock Performance

Shares of MRCC stock opened at $7.02 on Wednesday. The company has a market capitalization of $152.10 million, a price-to-earnings ratio of 78.00 and a beta of 0.92. Monroe Capital has a 1-year low of $5.96 and a 1-year high of $8.85. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.16. The stock's fifty day simple moving average is $7.12 and its 200-day simple moving average is $6.83.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Monroe Capital had a return on equity of 10.70% and a net margin of 3.74%.The business had revenue of $9.87 million during the quarter, compared to analysts' expectations of $12.38 million. On average, sell-side analysts predict that Monroe Capital will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Monroe Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnolia Capital Advisors LLC increased its position in Monroe Capital by 6.7% during the second quarter. Magnolia Capital Advisors LLC now owns 131,135 shares of the financial services provider's stock worth $834,000 after buying an additional 8,253 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in shares of Monroe Capital by 68.0% in the 1st quarter. LaFleur & Godfrey LLC now owns 108,910 shares of the financial services provider's stock valued at $849,000 after acquiring an additional 44,100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Monroe Capital by 2.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 102,236 shares of the financial services provider's stock worth $797,000 after purchasing an additional 2,836 shares during the last quarter. Virtus Investment Advisers LLC boosted its position in Monroe Capital by 8.9% during the second quarter. Virtus Investment Advisers LLC now owns 82,292 shares of the financial services provider's stock worth $523,000 after purchasing an additional 6,693 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Monroe Capital by 59.3% during the first quarter. Sunbelt Securities Inc. now owns 75,038 shares of the financial services provider's stock valued at $585,000 after purchasing an additional 27,920 shares during the last quarter.

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.

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