Monroe Capital (NASDAQ:MRCC) Rating Increased to Buy at StockNews.com

Monroe Capital (NASDAQ:MRCC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Monroe Capital Stock Performance

Shares of NASDAQ:MRCC remained flat at $8.25 during trading on Thursday. 41,105 shares of the company’s stock were exchanged, compared to its average volume of 61,464. The company has a fifty day simple moving average of $8.03 and a two-hundred day simple moving average of $7.70. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 1.53. Monroe Capital has a 52 week low of $6.77 and a 52 week high of $8.41.

Hedge Funds Weigh In On Monroe Capital

A number of hedge funds have recently bought and sold shares of the business. Magnolia Capital Advisors LLC acquired a new stake in Monroe Capital during the 2nd quarter worth approximately $3,138,000. Private Advisor Group LLC bought a new position in Monroe Capital during the third quarter valued at approximately $104,000. International Assets Investment Management LLC grew its holdings in shares of Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 193,298 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Monroe Capital by 162.7% in the second 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 in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position 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 valued at $288,000 after buying an additional 3,744 shares during the period.

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.