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

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

Monroe Capital Stock Down 0.2 %

Shares of NASDAQ MRCC opened at $8.23 on Thursday. The company has a quick ratio of 3.38, a current ratio of 4.37 and a debt-to-equity ratio of 1.49. Monroe Capital has a twelve month low of $6.77 and a twelve month high of $8.41. The stock has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $7.71.

Hedge Funds Weigh In On Monroe Capital

A number of institutional investors and hedge funds have recently modified their holdings of MRCC. CANADA LIFE ASSURANCE Co lifted its holdings in Monroe Capital by 16.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,938 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,861 shares during the last quarter. HB Wealth Management LLC increased its stake in 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 valued at $406,000 after purchasing an additional 3,356 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Monroe Capital by 10.3% during the first quarter. Oppenheimer & Co. Inc. now owns 40,003 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 3,744 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Monroe Capital by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock worth $1,051,000 after purchasing an additional 3,749 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Monroe Capital by 40.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,917 shares of the financial services provider’s stock worth $244,000 after buying an additional 9,802 shares during 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.