Market Runner: Institutional Investors Are Betting On Monroe Capital Corp (NASDAQ:MRCC)

November 16, 2016 - By Ruchi Gupta   ·   0 Comments

Market Runner: Institutional Investors Are Betting On Monroe Capital Corp (NASDAQ:MRCC)

Sentiment for Monroe Capital Corp (NASDAQ:MRCC)

Monroe Capital Corp (NASDAQ:MRCC) institutional sentiment increased to 1.57 in Q2 2016. Its up 0.69, from 0.88 in 2016Q1. The ratio is more positive, as 22 active investment managers increased or started new stock positions, while 14 sold and reduced their equity positions in Monroe Capital Corp. The active investment managers in our partner’s database now possess: 3.42 million shares, down from 3.54 million shares in 2016Q1. Also, the number of active investment managers holding Monroe Capital Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 12 Increased: 15 New Position: 7.

Monroe Capital Corporation is a closed-end, non-diversified management investment company. The company has a market cap of $247.48 million. The Firm is a specialty finance firm focused on providing financing primarily to lower middle-market companies in the United States. It has a 9.36 P/E ratio. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity.

About 17,248 shares traded hands. Monroe Capital Corp (NASDAQ:MRCC) has risen 10.54% since April 14, 2016 and is uptrending. It has outperformed by 5.85% the S&P500.

According to Zacks Investment Research, “Monroe Capital Corporation is a non-diversified closed-end management investment company focused on providing financing primarily to lower middle-market companies in the United States and Canada. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investments in senior, unitranche and junior secured debt and unsecured debt and equity investments. Monroe Capital Corporation is headquartered in Chicago.”

Muzinich & Co. Inc. holds 1.14% of its portfolio in Monroe Capital Corp for 167,588 shares. Bard Associates Inc owns 120,387 shares or 0.95% of their US portfolio. Moreover, Salzhauer Michael has 0.46% invested in the company for 38,180 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.26% in the stock. Homrich & Berg, a Georgia-based fund reported 123,082 shares.#img1#

Monroe Capital Corp (NASDAQ:MRCC) Ratings Coverage

Ratings analysis reveals 75% of Monroe Capital’s analysts are positive. Out of 4 Wall Street analysts rating Monroe Capital, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. MRCC was included in 4 notes of analysts from April 27, 2016. The rating was initiated by Raymond James on Tuesday, August 16 with “Outperform”. The company was downgraded on Wednesday, August 10 by Ladenburg Thalmann. Wunderlich maintained it with “Buy” rating and $16 target price in Thursday, July 21 report. Janney Capital reinitiated the shares of MRCC in a report on Wednesday, April 27 with “Buy” rating.

MRCC Company Profile

Monroe Capital Corporation, incorporated on February 9, 2011, is a closed-end, non-diversified management investment company. The Firm is a specialty finance firm focused on providing financing primarily to lower middle-market companies in the United States. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt, and unsecured subordinated debt and equity. The Firm provides customized financing solutions focused primarily on senior secured, junior secured and unitranche (a combination of senior secured and junior secured debt in the same facility) debt, and subordinated debt and equity, including equity co-investments in preferred and common stock and warrants. The Company’s investment activities are managed by its investment advisor, Monroe Capital BDC Advisors, LLC (MC Advisors).

More notable recent Monroe Capital Corp (NASDAQ:MRCC) news were published by: Globenewswire.com which released: “Monroe Capital Corporation BDC Announces Strong Third Quarter Financial Results” on November 07, 2016, also Globenewswire.com with their article: “Monroe Capital Corporation Completes Public Offering of Common Shares” published on July 25, 2016, Reuters.com published: “BRIEF-Monroe Capital Corporation BDC announces third quarter financial res…” on November 07, 2016. More interesting news about Monroe Capital Corp (NASDAQ:MRCC) were released by: Globenewswire.com and their article: “Monroe Capital Corporation Announces Public Offering of Common Shares” published on July 19, 2016 as well as Streetinsider.com‘s news article titled: “Form SC 13G/A MONROE CAPITAL Corp Filed by: Advisors Asset Management, Inc.” with publication date: November 10, 2016.

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By Ruchi Gupta


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