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

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

Monroe Capital Stock Performance

Shares of NASDAQ MRCC remained flat at $8.25 during mid-day trading on Thursday. The company had a trading volume of 41,105 shares, compared to its average volume of 61,464. The business has a 50-day simple moving average of $8.03 and a 200-day simple moving average of $7.70. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.38 and a quick ratio of 3.38. Monroe Capital has a 1 year low of $6.77 and a 1 year high of $8.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co increased its position in Monroe Capital by 16.8% during the first 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 in the last quarter. HB Wealth Management LLC grew its holdings in shares of Monroe Capital by 6.7% during 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. boosted its position in shares of 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 buying an additional 3,744 shares during the period. Commonwealth Equity Services LLC lifted its position in Monroe Capital by 2.8% in 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 during the period. 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 valued at $244,000 after acquiring 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.